September 26, 2012

RELIANCE INDUSTRIES Chart analysis

 
  • Reliance industries testing the falling resistance line of weekly chart.
  • Bulls also need a weekly close above 100 Week SMA for moving above 900 levels.
  • Price trying for a weekly cloud breakout which is also needed for a bigger up move.
  • Unable to trade above these levels should resume the fall.
  • BANK NIFTY CHART ANALYSIS
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