April 17, 2015

Reliance Industries at 200 Day SMA

  • Price testing 200 Day SMA
  • Bulls pausing at 940 - 945 zone which was the last major swing high. As the last chart shows this swing high must be crossed to start showing Higher High's and Lows.
  • So more bullishness on closing above 200 SMA.
  • NIFTY Chart analysis
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