February 13, 2011

RELIANCE Weekly chart analysis

  • Reliance weekly is showing a negative fall after a major trend line break.
  • Important support is at 858 levels.
  • Right now weekly candles are showing a consolidation pattern. If the stock moves above 930 bulls may get 950. Breaking above 950 can give a move towards the broken trend line.
  • If the recent lows are broken we may see 958 levels in reliance. 

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