October 3, 2012

RELIANCE Industries Chart analysis

 

  • Reliance weekly charts with cloud and 100 Week SMA. Attempted breakouts above these levels stands failed as of now.
  • Daily chart shows crucial supports at 824 and 20 Day SMA closing below these levels may result in correction towards 800 levels.
  • Reliance bulls need a weekly close above the resistance levels mentioned in first two charts for a bigger up move to happen.
  • S&P 500 EOD ANALYSIS
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