Technical Calls:RIL,Axis Bank and REC limited

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Reliance Industries

RIL posted the biggest rally for 2012 with record volumes,suggesting the bull is getting up from slumber sleep.Now Looking at daily chart and Applying Fibonacci Fans to find potential tops and bottom of RIL shows 790 is major resistance and any move above it could take it back to 820 levels.
Pullback till 760-65 should be used to buy RIL

Buy above 790 TGt...

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