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padiyara

Reliance Capital:542 is OS & near the TL,resistance 620 STOP 520

Long
RELIANCE CAPITAL (NSE:RELCAPITAL)  
padiyara Updated   
NSE:RELCAPITAL   RELIANCE CAPITAL
Trend Analysis
23
0
trendanalysis
Reliance' Capital:542 is oversold and trading near the trend line support,
Showing a positive divergence in hourly chart. Stock can bounce
from this level, having next resistance 620. It may touch down the TL, so Keep a stop 520,
ie: aslo the 89 EMA support.
snapshot
Comment:
Thank to all,
Hopes that people are aware of the huge shuffle in the company, going to DEMERGE from its profitable real estate lending business, which will later merge with another UNLISTED company Reliance Home finance.Share holders already got 1:1 of Home.
Caution for new investors to study the situation well before investing.
Comment:
Breakout from the falling wedge.
snapshot
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