Reliance Industries,Raymonds,Jet Airways Technical Calls

By | June 17, 2010 3:26 am

Reliance Industries

Reliance Industries the poster boy of Stock Market has not done anything from past 1 year and if we have a look at 2 Months chart it is stuck in the range of 970 to 1070 levels and currently trading at the Upper channel.

MACD in buy mode and Trades can be intiated at the mentioned levels

Buy above 1068 Tgt 1079 and 1087 and 1116

Sell Below 1051 Tgt 1045 and 1033


Raymond is facing resistance at its 200 MA. Stock has been in range bound state from few trading sessions.Made a swing high of  215 and which a elusive resistance for the stock.Breaking of 200 MA will fuel further upside in the Stock

Buy above 213 Tgt 215 218 and 221

Buying at lower levels till 205 for short term can also be initiated .

JET Airways

Multiple Trendline Resistance are coming into play,Once it move above these trendline resistances we can see a goo rally.MACD moved into buy mode

Buy above 523.50 tgt 528 539 and 555

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