Reliance Industries gets into the selling zone

CHART-II

• Reliance has again reversed from the selling zone of 1089 - 1125.
• Stock was not able to cross this area.
• 1030 is a good support zone for reliance.

CHART-I

• Reliance Industries weekly chart with the resistance zone.
• Previous weekly closes into this zone has been negative.
• We have to see how the stock closes today. Closing above 1130 will be very positive.
• If get resisted stock may break below 1089.