October 14, 2013

RELIANCE Industries Chart analysis

  • Reliance industries is trading above crucial moving averages in daily chart. One has to see the alignment of moving averages which suggests price is trading in a range.
  • Bullish on holding above 20 Day SMA at 856 which should give an up move towards 901 levels. Bearish on closing below 851 which should take price towards its 200 Day SMA.