- Reliance power has moved above the falling resistance line shown in weekly chart.
- Daily chart shows a range breakout targeting 68 levels.
- 68 is former support may act as resistance now. For bigger up moves price must move above the daily cloud
January 27, 2015
Reliance power weekly resistance line
GOLD Trend update
- Gold Testing weekly cloud. Price is pausing at the cloud and 100 Week SMA
- For now bulls are staying above 200 Day SMA. Some weakness is seen in 200 SMA. Bigger worry for bulls only if price falls back below 200 SMA.
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