November 24, 2010

Reliance industries Buying Zone

  • Reliance Industries chart on weekly time frame.
  • 965 to 995 seems to have given lot of support for the stock.
  • But breaking 965 will be bearish as it can slip to 920 levels from there.
  • But for now since the stock is holding on to this level we can expect a turn around especially if the stock closes within this range of 965 to 995 or above that.
  • WE SAW THE SELLING ZONE OF RELIANCE FEW DAYS BACK WHICH GAVE GOOD RESULTS

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