• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Reliance Industries moved between Rs 1,940 and Rs 2,000 last week. The momentum indicators are positive in the weekly chart though sell signals are emerging in the daily oscillators. The stock can ease down to Rs 1,931 or Rs 1,885 in the short-term. Traders can watch out for buying opportunity around the second support. The moving average present at Rs 1,820 will lend support in the event of a sustained fall.

Resistance will continue to be encountered around Rs 2,000. A break-out above this level will take the stock to Rs 2,138. Medium-term outlook stays positive till the stock trades above Rs 1,700.

More Stories on : Technical Analysis | Stocks | Petroleum

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
A date with dividends

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line