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Tips on share - MCX (multi commodity exchange) stock holding strong. (Updated On 18th June 2014, Wednesday).

  • MCX trading in an up channel formation indicates once stock comes out from its formation then sharp move expecting , daily chart also indicates that stock also facing trend line resistance around 635.
  • Weekly chart indicates that stock trading above 20 weeks moving average , as long as trades above will favor bulls.
  • Monthly chart indicates that stock trading above 23.6% fibonacci retracement, stock to favor bulls. Close Watch.

Tips On Share - RELIANCE INDS moving up from strong support. (Updated On 18th June 2014, Wednesday).

  • RELIANCE INDS moving up from strong 23.6%  fibonacci retracement support level, chart indicates stock to favor bulls as long as it stays above.
  • Daily chart indicates that a stock also moving up from lower bollinger band support once starts trading above 20 days moving average stock to favor bulls.
  • On upper side stock will face strong trend line resistance around 1142, 1187, 1245 ( as per weekly chart).

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