Reliance has been in a strong uptrend. The price has been rejected twice from 2200 levels but in the second attempt the reaction has not been that harsh. The whole price action is constrained with in the wide up bar 'A'. It looks like a flag is under formation as shown on the current daily chart below. If the price breaks out of flag, we will have a target of around 2300 or so.
Hope it ll help traders. Thanks.
