RELIANCE INDUSTRIES
A CLOSE ABOVE 1250
Still this stock is trading above its 50DMA, recently it penetrated and suddenly it get back above the 50DMA support. Now the resistence comes at 1275, if 1275 takes-off then in no time we'll see 1300 mark and then thereafter 1350. For all the longs place a stop loss at 50DMA price. Anything below 50DMA it'll tests the level of 1230 and 1181.
A CLOSE ABOVE 1250
Still this stock is trading above its 50DMA, recently it penetrated and suddenly it get back above the 50DMA support. Now the resistence comes at 1275, if 1275 takes-off then in no time we'll see 1300 mark and then thereafter 1350. For all the longs place a stop loss at 50DMA price. Anything below 50DMA it'll tests the level of 1230 and 1181.
posted by Naveen Pantera at 8:49 PM
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