Reliance Industries Technical Picture

By | February 10, 2009


Reliance Bears are again getting an upperhand Entering in its resistance zone of 1400-1425 today also unable to cross

MACD and Bollinger Band are in upper end of range

Stocks should show a Breather and still in a range of 1240-1425 either one should break on lower side

Can be shorted with 1425 as Sl and long can be intiated only above 1430

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