May 14, 2013
- Reliance industries getting resisted at 38.2% Fib level shown in daily time frame.
- Second chart shows a Bearish Death cross in daily chart. with 50 SMA falling below 200 Day SMA. Price has also closed below 50 and 200 Day SMA.
- Now hope for bulls is the support line shown in 2 hour chart which needs to be held to avoid a bigger fall.
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