September 20, 2011

RELIANCE Futures Hourly triangle pattern

CHART-III
  • RIL Futures having crossed 849 is moving towards next resistance level at 858.
CHART-II
  • Resistance levels at 849  and 858.
CHART-I
  • Reliance futures in a consolidation pattern.
  • Price may give good move once this pattern gets resolved.
  • Triangles are known for whipsaws. Good volume increase during breakout may give a bigger move.
  • RELIANCE INDUSTIRES LIVE CHART

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