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SurajChandak17

Reliance took a strong double support but closed below 200 EMA

RELIANCE INDS (NSE:RELIANCE)  
SurajChandak17 Updated   
NSE:RELIANCE   RELIANCE INDS
Trend Analysis RELIANCE 200ema-rejection
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trendanalysis reliance 200ema-rejection
Todays closing is below 200 EMA, if nifty continue to slide, Reliance can breach 2490 and make a new low. Only for educational purpose.
On the contrary, if Reliance sustains above 2545, then it will move towards the resistance.

The sentiment is negative until Nifty takes out 18200 level.
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DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
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