July 15, 2010

Reliance industries Ascending triangle

RELIANCE INDUSTRIES
  • Reliance industries Ascending triangle formation.
  • Ascending triangles normally breaks on the upside. If goes according to the rules of the pattern this one should take out the main resistance around 1140-1150.
  • A down side break cannot be ruled out as well.
  • NIFTY DAILY CHART ANALYSIS

8 comments:

  1. narasing and tinmay have asked for the reliance chart here it is with huge potential let's hope the triangle behaves according to the rules of the ascending triangle.

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  2. san thanks for the chart....can u update BN fut chart....many opinions on that...

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  3. ril gann numbers r 1044--1095--1146

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  4. @wormwood34
    Please excuse
    I have some technical issues with my FUTURES CHARTS For stocks and bank nifty.

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  5. ril down gann supports r 993--976-959-942

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  6. 993-1044 if 993 goes 993-942. ril gann number is 17 and range is 17*3=51

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