October 25, 2010

RELIANCE Industries analysis

  • Reliance Industries has good resistance at 1095.
  • On Friday stock came to this level and stopped its up move.
  • any up moves from here can only happen if the stock closes above 1095.
  • MACD is showing  a negative picture but that can change if the stock moves above 1095. 
  • NIFTY WITH 20 SIMPLE MOVING AVERAGE

No comments:

Post a Comment