- First chart is 4 Hour time frame which shows price at 50% Retrace level for the current up move.
- One hour chart shows price testing 200 Hour SMA.
- Hourly cloud is seen as immediate resistance. To resume the up move bulls must break above the hourly cloud.
- Death cross of MICROSOFT
March 31, 2015
- First chart of Reliance Industries shows the Daily time frame with clear down trend in place. For now price has given a breakdown from a descending triangle pattern and is getting ready for another bounce towards the falling resistance line.
- If 793 shown in weekly time frame acts as a major bottom or support zone a bigger bounce is possible. If this level does not hold Bears will further gain strength.
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