RELIANCE losing its steam from the upside
Обновлено
Hi
as being seen from the weekly charts of RELIANCE INDUSTRIES, selling volume has increased along with bearishness seen in the indicator's part , that is to say RSI also showing divergence , with incease in the stocks price and it registering new highs, the RSI did not scale new highs.
also the RELATIVE STRENGTH wrt to NIFTY is also moving southwards.
anticipation is not rewarded in the stock markets, Reaction to actions does .
but i observed this and i guess this may now move in a range going forward with prices going down with time.
as being seen from the weekly charts of RELIANCE INDUSTRIES, selling volume has increased along with bearishness seen in the indicator's part , that is to say RSI also showing divergence , with incease in the stocks price and it registering new highs, the RSI did not scale new highs.
also the RELATIVE STRENGTH wrt to NIFTY is also moving southwards.
anticipation is not rewarded in the stock markets, Reaction to actions does .
but i observed this and i guess this may now move in a range going forward with prices going down with time.
Комментарий
with the crash today, this is going to confirm the breakdown in reliance if it stays below 2950 at this week's close. Отказ от ответственности
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