June 19, 2015

Reliance Price and Volume spike

  • Reliance moves above the 940 resistance zone with good volume increase. As can be seen from the weekly line chart price is moving into a bullish zone out of a weekly range. Last time it did this the stock moved past 1100 levels easily before falling again. This time too if resistance levels like 1000 and 1030 are crossed chances for a bigger up move exist. 
  • Ascending triangle of REIANCE INDUSTRIES

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