April 23, 2012

Reliance chart analysis



  • Crucial support for reliance are 718 and 687.
  • Price is trading below all major moving averages.
  • Weekly stochastic is yet to bottom out. Price if mange to sustain above 20 Week SMA we may see a turnaround.
  • Stock will be weak below 718.
  • For short term bulls price need to close above 20 day SMA.
  • NIFTY WEEKLY UPDATE

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