RELIANCE PETROLEUM
HEADING TOWARDS 62...

After making a high of 72 on Thursday ever since that the stock fall by Rs. 6/-. On daily charts, today it formed Doji pattern and closed below its 20DMA and next it'll test the 65 which is 50DMA support for the stock. Well on the charts it clearly suggesting that it'll retest the 62 level in the coming days. Daily RSI is moving below the mid-point level and RSI already confirmed the further weak signal which tells us that 62 is the valid one in the short term.