May 7, 2013

RELIANCE Industries Chart analysis

  • Reliance Industries closed above 200 Day SMA. Previous attempt to stay above this level was not successful so one has to see if price is able to cross the resistance of 827 on closing basis to extend the current up move.
  • Weekly chart too is testing 5 Week High EMA. Weekly close above this level may give good up moves.
  • For the day 827 is crucial sustaining above it can give good intraday up moves for reliance.

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