August 2, 2011 Stock Charts, Stock Technical View

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

Nooresh

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2 Comments

  1. Ajay
    August 2, 2011

    Can u share your views on Bajaj Holdings and Investments ?

    Reply
    1. nooresh
      August 2, 2011

      Hi Ajay,

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

      Reply

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