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

1 comment:

  1. Hi,

    Nice chart.

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

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