January 18, 2011

RELIANCE INDUSTRIES in a triangle

  • There is a long trade possible in reliance with oversold stochastic and trend line support.
  • If the trend line holds the price above it we may get a bounce in reliance.
  • Breaking the trend line will be negative and one should have a small stop loss.
  • Price sustaining below the trend line will be an opportunity to go short.
  • CRUDE OIL CHART ANALYSIS

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