March 15, 2012

RELIANCE Weekly chart analysis

  • Reliance weekly chart shows price contraction which should result in good moves ones a breakout or breakdown happens.
  • 5 Week High EMA and 50 Week SMA has been acting as resistance. These two should be taken out by bulls on closing basis for a sustained up move to happen. Unable to sustain above these levels may lead to a breakdown.
  • S&P 500 EOD UPDATE

1 comment: