July 27, 2010

Reliance industries Ascending triangle

  • Reliance industries ascending triangle in daily chart.
  • Price is trading near the bottom trend line. Break down of the trend line can pull the stock down to 970 areas.
  • If the trend line gives support the stock can move above 1070 levels in the coming days.
  • NIFTY DAILY CHART ANALYSIS
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1 comment:

  1. C.KUMARJuly 27, 2010 at 9:33 AM

    Hi,

    Nice chart.

    If you see from 11th june it has formed H&S with neckline broken

    ReplyDelete

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