RELIANCE INDUSTRIES Weekly NSE Stock Chart Technical Analysis:
Reliance Industries fell sharply this week. It ate up all the growth it had taken in the past 5 months.
Current close & CMP: 1505
Market Outlook:
- Something big is about to happen in Reliance Industries, a good move in either direction. Be prepared!
- Reliance Industries fell through out in the last week and is currently near support.
- The current support is at 995.
- If the stock falls below 995, then one can go short with expected target at 913.
Technical Indicators:
- Reliance Industries has been sideways since May 2009.
- Watch out for a breakout below 874. If that breakout happens, go short expecting a very good amount of profit.
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RELIANCE INDUSTRIES Weekly NSE Stock Chart Technical Analysis
