Below is the technical chart of Reliance Industries, listed on Indian stock exchange, using Ichimoku indicator.

 



Price is trading below kumo, Tenkan Sen / Kijun sen crossed already taken place, Chikou-span (CS) line is trading inside kumo. All these factors clearly indicates that one should avoid this stock at this stage. There is not even a single positive factor for this stock. If chikou-span line closes below kumo i.e. 739, we might see free fall of this stock. On the upper side, the main resistance is at 776.

Reliance Industries is in Downtrend | Technical Chart | 21-Mar-2012
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https://www.dodacharts.com/wp-content/uploads/2012/03/https://www.dodacharts.com/wp-content/uploads/2012/03/adminIndiaBelow,Chart,Chikou-span,downtrend,factor,fall,Ichimoku,indian stock exchange,indicator,Kijun,kumo,line,Mar,price,reliance industries,resistance,sen,side,span,stage,stock,technical,TenkanBelow is the technical chart of Reliance Industries, listed on Indian stock exchange, using Ichimoku indicator. Price is trading below kumo, Tenkan Sen / Kijun sen crossed already taken place, Chikou-span (CS) line is trading inside kumo. All these factors clearly indicates that one should avoid this stock at this...Technical Analysis of Stocks & Forex