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Thursday, January 20, 2011

Reliance Industries: Could Rise Tomorrow


RELIANCE INDUSTRIES Daily NSE Stock Chart Technical Analysis:


Reliance Industries has been falling since 2 weeks.  It fell today as well, but it seems like the price is headed upwards again.

Close & CMP: 970

Market Outlook:

  • The price seems to have completed its fall and there is a strong possibility that it will move upward again.
  • Rising above 999 is a bullish signal.
  • रिलाअनस industries का भाव अब वापिस ऊपर जाने के लिए तैयार है.  ९९९ के ऊपर अगर भाव जाता है तो यह शेयर खरीदा जा सकता है.  

Technical Indicators:

  • Finally, some hope for Reliance Industries.
  • The price made a hammer candlestick today after a long fall and there was huge interest in trading this stock amongst traders.
  • Yesterday, the price had fallen below its support line, but today's increased buying shows that the market may be interested in driving this price above its support line @999 again.
  • Buy above 999 and wait for reversal signals.

RELIANCE INDUSTRIES Daily NSE Stock Chart Technical Analysis:

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