May 10, 2012

RELIANCE Month and Weekly chart Analysis


  • Reliance month chart near the apex of a multi year triangle pattern. 
  • Weekly charts shown with price near crucial support level and oversold indicators. 
  • There is no turnaround or bottom formation in price yet. So one should not assume that a bottom is going to form. Breakdown at this level will keep the indicator oversold. So look for bullish candles at this level for going long.
  • USDINR MONTHLY CHART


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