May 13, 2013

RELIANCE Capital Chart analysis

  • Reliance capital at multiple resistance levels.
  • For the up move to continue price must break 50 and 100 Week SMA. Price is also near the 38.2% Fib level.
  • Above 387 price may target the 200 Day SMA at 397. Weakness below 371. Up move will weaken if price starts to trade below 351 and 347 levels.

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