July 14, 2015

Reliance Industries chart analysis

  • Reliance bulls struggling to cross the golden ratio.
  • Price for now is in a range. Crucial levels are 1012 and 1019 on the up side and 985 and 972 levels. Week close above 1012-1019 level may give 1070 levels.
  • Weekly cloud too is crucial for bulls to keep the structure intact. Closing back into the weekly cloud will favour bears for bigger falls.

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