RELIANCE INFRA Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong support at current levels, weakness expecting once stock closes below 692.50. (Updated for 18th August 2014, Monday).

RELIANCE INFRASTRUCTURE

• As per graph no1 , chart indicates that stock is moving in pattern and holding strong at current levels, this indicates once stock closes and stays below 692.50, then weakness is expecting in Reliance Infrastructure. But if stock fails to break this level then stock can move up , close watch.
• Intraday close watch once stock starts trading below 692.50, If stays below then intraday bears will get active and further weakness is expecting.
• Suggested Reading - TATA MOTORS DVR showed a gap up open will favor bulls as long as holds above.
• Chart also indicates that if stock falls from current levels then will find next strong support around 640 its 38.2% fibonacci retracement support zone.
• As per technical graph no3. RIL Infra is trading below 50 days moving average as long as stock trades below it will favor bears, but once stock closes above 50 DMA then bulls may get active. Even chart major trend indicator like "MACD" and "Stochastic Oscillator" is trading in -ve zone, as long as they they moving -ve stock can see further weakness.
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