September 5, 2011

RELIANCE Triangle pattern

  • Reliance has given a breakdown from triangle and we saw price come down to 776. But there is no volume change. We have to see a volume breakout soon for validating this breakdown.
CHART-II
RELIANCE CHART-I
  • Reliance 15 Minutes chart in a consolidation pattern with price approaching the apex of the pattern.
  • Breakout or breakdown may give good direction for the stock and may affect the direction of nifty.
By at

2 comments:

  1. wormwood34September 5, 2011 at 5:53 PM

    hi san ge..can u provide chart for bataindia.

    rgds
    johnson

    ReplyDelete
  2. SanSeptember 6, 2011 at 10:52 AM

    @wormwood34
    Sorry Johnson i did not see this comment yesterday. Will look at the chart today. If i see an opportunity i will do a post

    Thanks

    ReplyDelete

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