Tuesday, November 17, 2009

Reliance Capital

Author: Ilango | Posted at: 7:01 AM | Filed Under: |
Reliance Capital - HOUR
Reliance Capital - DAY

Reliance Capital - WEEK

2 comments:

Veng on November 22, 2009 at 3:00 PM said...

There is a negative volume divergence on the daily chart. Does it mean that the upmove in the stock price is fake and a trap is being laid?

Ilango on November 23, 2009 at 7:03 AM said...

Hi..Veng,

If 885-910 resists any upmove after the last 2 days of fall, it will seek much lower levels.

Many stocks are likely to end higher or lower in this Nov. series as per the individual stock behaviour so far. I expect the corrections to continue into Dec. series. Complex correctives are difficult to foresee.

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