Tuesday, May 14, 2013

0005RelianceInd14thMay2013 – Bears’re happy

This is an interesting chart for Reliance Industries. It has been clearly an upward trend for this stock with 3 repeated highs in the recent sessions. If the stock goes below 793-795 then we can expect it to go further down to 775, whereas, if it bounces from 793, then there is a high chance for the stock to touch 840-845 levels soon!!!

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