My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 7, 2010
Reliance Industries trading near resistance
Reliance industries and nifty seems to be in an uptrend. But one look at the daily chart shows a different picture for reliance industries. It is trading near the resistance of a multi month trading range. If it does not break out above 1150 with large volumes it may go down to 1020-1040 during this month and taking nifty down with it.