May 12, 2011

RELIANCE CAPITAL Intraday update

CHART-II
  • Reliance capital has given a short entry. Staying below 518 will favor short traders.
CHART-I
  • Reliance capital is forming a triangle shaped consolidation in 15 Minutes chart.
  • Break of support or resistance lines can give good direction.
  • Daily chart looks oversold so an upper breakout will be an easy long to take.

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