bijoy2526

RELIANCE has to clear two hurdles to anchor nifty higher.

NSE:RELIANCE   RELIANCE INDS
In the early stages of the rally of nifty reliance was the main contributor.
Yesterday's upward movement was checked by the uml of the pitch fork today.
if reliance can clear these two hurdles shown in the chart
its upward movement may continue along with nifty.
it appears reliance can continue its movement clearing theses hurdles
as it has bounced from important level during its slide to down side.(target1 shown in the attached chart)
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