Technical Analysis of Indian Equities by Nooresh

Reliance Inds – RSI Positive Divergence –Can see bounce back from 800-820 levels.

Reliance Inds

 

The stock has made a new low but RSI is showing positive divergences so in extreme short term the fall can get arrested and see a bounce back is possible from 800-820 levels with resistance at 860-870

Article by Nooresh Merani

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{ 2 comments… add one }
  • Ajay August 2, 2011, 18:07

    Can u share your views on Bajaj Holdings and Investments ?

    Reply
    • nooresh August 2, 2011, 22:23

      Hi Ajay,

      The stock should be a slow mover. Downside is limited frm current levels.

      Reply

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