October 17, 2011

RELIANCE Resistance line

  • Reliance resisted by the line which looks strong for now.
  • Hope for bulls only if they manage to break above the resistance line as of now it looks bad for bulls of reliance.
  • A daily negative candle here will favor bears for the coming days.
  • For bulls they have to try and close the day above 870 for avoiding a negative close.
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1 comment:

  1. StockOctober 17, 2011 at 1:38 PM

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