October 22, 2010

Reliance Industries Views

  • CHART-II Posted here shows the violation of the weekly resistance line. 
  • But there are multiple resistances ahead for reliance industries.
  • 1094 is an important resistance. Trading above 1094 reliance industries should gather momentum above 1100 which will take the stock to 1048 levels.
  • Failing to close above 1094 will be negative and will push the stock down.
  • Important Levels for NIFTY SPOT : CLICK HERE

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