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Thursday, March 31, 2011

Reliance Communications: Falling Again ?


RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis:


Close & CMP: 107.65

  • Reliance Communications faced resistance near the Ichimoku Cloud at 108 as expected, and is now falling back and has broken its support trendline.  The momentum has also peaked and the volume has fallen.
  • No long positions should be entered at this point.  Only enter short term positions with small time window of liquidating the position.
  • Think of buying only if it rises above 118.
  • Reliance Communications अब गिर रहा है और सुप्पोर्ट ट्रेंड लाइन के नीचे भी गिर गया है.  अभी इसे खरीदा नहीं जा सकता है, सिर्फ शोर्ट पोसिशन लें.  अगर ११८ के ऊपर जाता है तो ही खरीदने के बारे में सोचें.  


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RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis


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