RELIANCE Industries Technical Analysis

• First chart shows the weekly support level breaking and then the same acting as resistance. We have a similar setup developing in weekly chart with 700 - 720 level which may act as potential resistance level now.
• Price staying near weekly lower bollinger band and below 5 Week Low EMA which might give a trending down move. Up moves may get resisted near 5 Week Low EMA.
• Weekly stochastic is showing oversold readings. But price need to stay above 720 levels for a bigger up move to happen.
• RELIANCE INDUSTRIES INTRADAY LIVE CHART: CLICK HERE