October 19, 2011

RELIANCE Analysis

  • Reliance has stopped falling at 20 SMA.
  • But daily chart indicators are suggesting some more downside.
  • Bulls need not worry as long as 20 and 50 SMA give support.
  • 20 SMA @ 810
  • 50 SMA @ 796
  • Support line drawn in 2nd chart too is important for bulls to hold on.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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