Daily Chart
·
Reliance Industries after forming a base near
820, which is a long term support now has broken above inverse H & S
pattern above 910
·
The counter also confirming with higher volumes
in the prevailing trend
·
The RSI pattern also indicating the strength in
the stock as shown in daily charts
· Thus stock can be accumulated on any dips around
905 – 915 with stop loss of 884 for targets of 948/985+
Raju V Angadi
Equity Research Analyst
To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory
& Psychological traits to trade with some common sense & optimize
your investment / trading decisions contact on:
rvangadi@googlemail.com (OR) +91 78291 55900
Note: This report is for educational purpose and the specific levels have not been mentioned.
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