March 12, 2012
- Reliance daily looks like it may give an oversold bounce. But price has to sustain above 50 Day SMA for the bounce to extend.
- Weekly chart looks weak, Weekly stochastic does not look good for bulls of this stock. For avoiding a fall price must sustain above Weekly mid bollinger band. Unable to sustain above this level will result in a fall towards lower BB.
- NIFTY WEEKEND UPDATE(GOLDEN CROSS)
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