Reliance : 28th June | Long
Stock Price had peaked on 15th June at INR 2274.90 and since then have retraced to INR 2104.45 at the close of session on 25th June. The current stock price has retraced upto 61.8% of the fibonacci range ( i.e 61.8% of 285 points range ). It is indicative that stock has a high tendency to reverse its downfall or stay at this level.
For 28th June, i will be happy to see stock in the range INR 2098 to INR 2147. INR 2147 is a strong resistance being at 200 DEMA
For 28th June, i will be happy to see stock in the range INR 2098 to INR 2147. INR 2147 is a strong resistance being at 200 DEMA
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