RELIANCE INDUSTRIES Weekly NSE Stock Chart Technical Analysis:
This week ended on a sour note for Reliance Industries. The week opened at Rs 1121 and fell to Rs 1062.65 but rallied back slightly to close at Rs 1105.70.
Market Outlook: Rs 1119 is going to be an important decision making point for the price. If price remains above this after 3rd week of November, its time to buy.
Technical Indicators:
- The week ended with a Hanging Man Candlestick.
- The price has also reached its point of 2 year old resistance trend line.
- 2 important lines of resistance and support dissect in the next couple of weeks at Rs 1119. This is an important point to watch, keep a keen eye on it. Any breakouts above this price are to be taken happily.
RELIANCE INDUSTRIES Weekly NSE Stock Chart Technical Analysis
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