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Sunday 25 September 2016

Relinace Infra : Technical View



The counter seems to have formed a very strong base around 550 levels on a weekly chart. It has been trading in the broader range of 550 to 635 for the last few weeks. As per the Fibonacci Tool it has been facing resistance around 61.8% level which seems to be placed around 620 levels. Deceive weekly close above 620 may provide the necessary fuel and the counter may kiss 670 to 700 mark.


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