Reliance - Technical Update

by Dean Market Profile on Friday, April 26, 2013 in Reliance, Stocks, Updates

A multi month trend line was broke yesterday, but today the prices got back right below it.
A false breakout perhaps.
I would give it some time before making up an opinion. The 760 odd support level is quite strong.
Once again patience is the virtue.

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

2 comments:

Manish28 April 2013 at 16:42
Reliance trading below its 5dema at 798 appears weak and ripe to short if goes below 785 it is a SELL...
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Friday, April 26, 2013

Reliance - Technical Update

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