NullCharts

Reliance weekly analysis

Long
NSE:RELIANCE   RELIANCE INDS
weekly close above previous resistance consolidate and retest 1978 good to go
On Hourly any consolidation near 1980-2020 and daily closes above 2000 would be a strong buy signal
Comment: Executed properly will look for any consolidation in this area
Comment: seems subscriber news affected the stock price further downside to 1980 position will watch for now looking for any new entry positions
Comment: -My spot trade got executed around 2010 retest for support area in lower time frame ---But 1980 seems to be strong support
gut says dips are for buying and reliance seems to be undervalued may be pannic selling 1980 - 2000 acting as good support area