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RELIANCE IND. Near to Its strong Resistance Levels

RELIANCE INDS (NSE:RELIANCE)  
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NSE:RELIANCE   RELIANCE INDS
Trend Analysis Chart Patterns Beyond Technical Analysis relianceindustries resistence
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trendanalysis chartpattern beyondta relianceindustries resistence
Reliance have a strong Resistance level at 1600-1620 levels. Every time it reach those levels and correct from there. All positive news of various instruments have already been there in price and there are chances of some profit booking & Pullback. Inspite of rise in RELIANCE there has NO SIGNS OF UNWINDING IN 1600CE, which indicates that there can be correction in price.
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BOOOOMMM. Buy with strict stoploss

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bhandarishrey2
RELIANCE (Daily futures chart) : SHORT
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