July 16, 2013

RELIANCE Capital Chart analysis

  • Reliance capital shows multiple resistance levels. Daily chart shows a bullish pattern but need to break and close above the resistance line to continue the up move.
  • Price is also near the upper bollinger band and Ichimoku cloud in weekly Time frame.
  • So Bulls of reliance capital need a close above 392 - 398 zone to extend the up move. Weakness on price falling below 373 levels.

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