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Reliance 13-34-55 EMA Weekly strategy
8 July 2009
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Applying 13-34-55 EMA strategy along with 2 period RSI to Weekly charts. We could able to
find that reliance possibly could trade at ultimate supports as the EMA supports 34 EMA and
55 EMA(weekly) are very close to the price(1835). And also RSI-2(weekly) value near 5 suggests
that correction in reliance probably might be over temporarily and could outperform nifty in short term
in coming weeks.
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Rajendran sir,what is your opinion about ICICI.It has also corrected heavily.
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