RELIANCE Industries near 200 DMA

• Reliance closed above its 200 DMA yesterday. 
• Now 1053 can act as immediate resistance. Closing above this will be very positive for the stock in the short term.
• Above 1053 stock can move up to 1090.
• If 1053 acts as resistance it can push the stock below 200 DMA again which will be negative for the stock.
• So both trades are possible, for going long wait for a close above 1053. If stock closes below its 200 DMA again one can accumulate shorts.
• INTRADAY LIVE CHART FOR RELIANCE INDUSTRIES