Reliance share price daily chart technical analysis
reliance share on last trading session closed at 831 with heavy loss.on daily chart below 850 trend and momentum remain to bearish for month sep 2013.840-850 is Reliance share short term average zone and act as support.
on daily chart,Reliance share major indicators are with sell signals.below 850 on closing basis Reliance share may fall upto 800-780 levels where last bottom support comes.but if hold 850 then expect 930-980 as short term targets in sep 2013.
Reliance share price weekly chart technical analysis
Reliance share on weekly chart shows uptrend and continuously testing downside support which is good sign.on chart trend is up while momentum is slowly building for bulls.
above 810 support on weekly closing basis,medium term investors keep long view for target 930-1000 on upside.which can be expected in next 10-15 weeks time frames.on chart 780 is double bottom support and remain as strong buying support zone while 930 is double top and major supply point for upcoming time.
Reliance share price monthly chart technical analysis
Reliance share on monthly chart shows uptrend and indicators are mixed.on chart 740 is Reliance share 5 years average level and best investment level which already hit in aug 2013 with low of 763.on upside 1050 and then 1300 will be target here.
above 740 levels investors must keep accumulating on long side.upside targets are expect in next 12-18 months time period.long term momentum is still down but indicators slowly forming bullish pattern on monthly chart which is also early buy sign here.