April 11, 2010

Reliance Industries force index negative divergence


  • The positive divergence of force index in reliance industries in February gave a good rally from 970 range to 1150. 
  • But during its journey to 1150 force index has formed a negative divergence.
  • This negative divergence makes it even tougher for reliance to cross 1150.
  • Take long position only on a convincing break of 1150.


thank you
take care


No comments:

Post a Comment