Reliance Industry the Poster Boy revisted

By | August 5, 2009


RIL has shown some phenomenal run in past few trading sessions from the bear bashing on bad results posted to a levels back to almsot 2.1K

So whats next

Chart we can easily see a double top formation around 2096 Levels and i have highlighted the Negative divergence in RSI also

SO for Bull run to continue 2096 should be taken out and sustained for a tgt of 2116 2148 and 2175 in extremly short run or else go short with a tgt of 2044 2011 1991 if 2096 is not taken out.

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