April 30, 2013

RELIANCE Industries Chart analysis

 
  • Daily chart shows price getting resisted at 50 Day SMA.
  • Weekly chart shows price unable to close above 5 Day HIGH EMA.
  • Crucial support at 760 levels.
  • Weekly close below 760 will be negative for RIL, Bulls need a weekly close above 5 Week HIGH EMA to confirm a turnaround.
  • RCOM PRICE VOLUME ANALYSIS
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