Thursday, May 19

Technical View on RIL,Tata Motors and Hindalco

Nifty has been correcting from past few trading sessions and technically looking week. I have analysis ed the chart of 3 Heavyweight (RIL,TELCO and Hindalco)which can give us clue about Nifty moves in coming Days.

Reliance Industries
RIL has done nothing from past 2 years.The above is Weekly chart of RIL for 2 years.RIL has been trading in the range from 880-1200 from past 2 years.
880 has been long term support.Break of that will not only have bearish implication on RIL but Index also.
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