November 30, 2011

RELIANCE Industries Analysis



  • Reliance daily charts are looking oversold. But weekly indicators are yet to bottom out and shows possibility of more downside to come.
  • We may see an oversold bounce from daily charts which might give good shorting opportunities at higher levels.
  • Stock will be under pressure till the weekly stochastic bottom out. 

1 comment:

  1. Good analysis.Looks like a down Flag on daily chart.....

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