Reliance Power in a sustained downtrend ?

                                           
                                                                      Daily Charts

• Reliance Power in a sustained down trend breaking key support levels of 60
• Similar bearish H & S pattern seen in the stock again and again
• The Elliot Wave counts suggesting still some more pain may be left in the stock, If trades below 60

 R - 60/63
 S -  57/54

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