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Sunday, July 24, 2011

Reliance Charts

Upside looks CAPPED. Been moving down in a channel. Currently looks to be in correction . The fibonacci levels FITS very good. Right now at 38.8% retracement of the BIG fall from 966. Stocahstics(8) has given SELL signal. Other indicators are also near OVERBOUGHT. The current 38.2 % retracement level looks good resistance / On top of that The channel resistance is there. Expect this one to come down .

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