Reliance Technical View near 200 DMA
Reliance Industries
Reliance industries is forming a parallelogram pattern with formation of Higher Top and Higher bottom formation on daily chart in short term time frame.
Reliance was the savior for Nifty for past 2 days when banks were bleeding heavily due to crude rising above 90$ which was negative for Banks but positive for Reliance.
Positive divergence has been observed in MACD with a positive crossover.
200 DMA is considered a defining territory for Bulls and Bears.Above 200 DMA bulls exsits and below that bears have power
RIL is having the same case …
Read the full story »
Reliance industries is forming a parallelogram pattern with formation of Higher Top and Higher bottom formation on daily chart in short term time frame.
Reliance was the savior for Nifty for past 2 days when banks were bleeding heavily due to crude rising above 90$ which was negative for Banks but positive for Reliance.
Positive divergence has been observed in MACD with a positive crossover.
200 DMA is considered a defining territory for Bulls and Bears.Above 200 DMA bulls exsits and below that bears have power
RIL is having the same case …
Read the full story »
posted by Bramesh at
11:20 PM
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