Reliance Revisited

By | August 11, 2009 7:40 pm

RIL which dragged Nifty Down today formed a Gravestone Doji (not perfectly)which can be trend reversal signal.

Stuck in a range of 1971 to 2096 Today closed at lower end of Range.I would advocate that next rise in Nifty will be lead By RIL 2040 CE has seen good accumulation by smart money.

by Keeping a sl of 1945 go long for a tgt of 2039 2078 2106

Category: Nifty Technical Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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