Motabhai (RIL) at crucial Technical Resistance!!
RIL played a big role in providing support to overall benchmark Indices . But now we assume , RIL is loosing its stream and that can we witnessed with a divergence in RSI and MACD.
Interesting, RSI is trading at its crucial trendline resistance of 1932 levels. Hence we assume RIL may halt for some time at this level with below crucial support of 1880 & 1849 levels.
Disclaimer :- Analysis is purely for an Educational purpose. No buy or sell is advised.
Interesting, RSI is trading at its crucial trendline resistance of 1932 levels. Hence we assume RIL may halt for some time at this level with below crucial support of 1880 & 1849 levels.
Disclaimer :- Analysis is purely for an Educational purpose. No buy or sell is advised.
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