Saturday, February 02, 2019

Reliance infra chart

Reliance infra ,This stock had been in news for Rafale deal.
Lot of price damage this stock has seen after congress allegations.

Lets see its stock chart.

The stock has been in correction since 2008,The correction is squeezing in contraction.
It has hit the lower trendline. This seems to be a good investment bet,This is weekly chart.
Usually in the last leg the price breaches the lower trendline and then reverses violently.Lets 
see how this stock behaves .


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