September 30, 2010

RELIANCE INDUSTRIES analysis

  • First chart shows price converging between support and resistance lines which will lead to a breakout today.
  • Stock is resting on its 50 DMA, So after the breakout stock will move away from its 50 DMA. Take a trade based on it, one should also keep in mind the supports and resistances for the stock which is at 993 and 200 DMA.
  • INTRADAY LIVE CHART RELIANCE INDUSTRIES

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