Reliance Inds – Breakout but will see resistance at 1040-1050.



Reliance Inds gave a breakout above 1009 and continued with the move even in this environment. ( Disclosure: Advised buying at 1005-1009 and RIL 1020 call at 19-20 levels which we are now booking till 1040-1050)

It needs to be seen how Reliance Inds reacts after touching 1040-1050 levels. As the stock has maintained a broad range of 900-1100 on closing levels.


Tyre Stocks have seen good buying on back of drop in rubber prices. The move may not be lasting so wait for dips. ( Disclosure Buy on Ceat at 100-102)


As per market-men there is a good possibility of smallcaps/midcaps to rise in the end of the month on back of NAV prop up by mutual funds.


We are pleased to announce the launch of Commodities Advisory – For performance report, charges mail to  or call Kazim 09821237002 Asif 09833666151

Some of the last few trades have been explained technically on this link

Technical Analysis Training

Mumbai March 26-27 

April end Kolkata

mail to  or call Kazim 09821237002 Asif 09833666151


  1. teju
    March 15, 2011

    Hi Nooresh,

    I am holding Lokesh machine, Subex and Uflex from higher level. Which of them should i add more at current levels ?

    Thanks & Regards,

  2. mansukh prajapati
    March 16, 2011

    your reliance technical chart so much powerful and given much idea to follow tips in advance

  3. mayur
    March 16, 2011

    good day
    nooresh bhai ,

    normally in this pattern the above level of 1040-50 wont hold and the stock will go for a break out in a normal market

    u can look at this pattern in eur-usd charts with a lot of frequency


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.