Reliance and Educomp Technical Levels

By | December 13, 2010 6:37 pm

Educomp Solution

Educomp Solution looks good as it is extremly oversold on daily charts and near its support area of rs 502.

RSI is showing positive Divergence.

Buy above 525 Tgt 531,540 Sl 516

Reliance Industries

Reliance Charts in Previous Post [Click on post to see]

Reliance Broke its 200 DMA @1036 today which is bullish for Reliance and Nifty also as it has 12% weight age in Nifty.

RIL is now facing resistance at 50 DMA @ 1046 now and once that’s crossed we can except move till 1100.

Buy above `1046 Tgt 10551068 and 1091 Sl 1031

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