December 20, 2012

RELIANCE Power Triangle pattern

  • Reliance power with a triangle pattern in daily chart.
  • The support line of the triangle and the 100 SMA may act as confluence of support. If this level breaks we may see deeper falls in this stock.
  • Breakout in favor of bulls from the smaller triangle should also takeout the crucial falling resistance line shown in weekly chart for a bigger up move to happen.
  • NIFTY 50 STOCKS REALTIME 5 MINUTES CHART WITH AUTOREFRESH
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