Monday 8 October 2012

RELIANCE INDUSTRIES

From the above chart of RELIANCE INDUSTRIES we can see evening star candlestick formation on reliance with increase in volumes. We can also see that it has closed below its 20 day exponentional moving average(829.2) so we can expect RELIANCE to test its 50 day exponential moving average(802).
So one can SHORT SELL RELIANCE INDUSTRIES OCTOBER FUTURES @ 826 and BUY @ 815. 

1 comment:

  1. RELIANCE INDUSTRIES OCTOBER FUTURES made a low of 812..Target achieved..:)

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