Get Regular Updates via Email (Its free !!)

Close

Tuesday, 5 March 2013

Reliance–Update

Readers, Yesterday I wrote about Reliance and its support level. Reliance is still holding above 800-807 levels which is positive. As soon as this level is broken and sustained, the stock will start its next down move. Please watch out this levels.

200 DMA  is still supporting Reliance and RSI , Stochastics are appearing to halting the down move after yesterdays market. If markets recover, Reliance will recover fast at least to 830 – 860 levels.

Anyway, below 800, Reliance will fall further to 790-85 and 760.

0 comments:

Share

Twitter Delicious Facebook Digg Stumbleupon Favorites More