June 19, 2015
- Reliance moves above the 940 resistance zone with good volume increase. As can be seen from the weekly line chart price is moving into a bullish zone out of a weekly range. Last time it did this the stock moved past 1100 levels easily before falling again. This time too if resistance levels like 1000 and 1030 are crossed chances for a bigger up move exist.
- Ascending triangle of REIANCE INDUSTRIES
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.