Reliance Power share price chart and Sensex stock chart - Stock has closed above its previous top - updated for 28th December 2015, Monday

RELIANCE POWER

Reliance Power technical price charts indicates that it has closed above its previous top this indicates as long as stock holds above its previous top bulls will be favored and further price rise can be seen in coming days.

Technical indicates that stock has showed long bullish candle that too increase in volumes this forecast that intraday bulls action can be seen once it holds above its yesterdays high.

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Stock major indicator is moving in positive zone this shows further bulls action can be seen in coming days.

On December 24, 2015 Thursday price of Reliance power close at 54.70.

Reliance Infra share price and free nifty stock tips - Stock closed above major trend line resistance, showing bullish signals - updated for 28th December 2015, Monday.

RELIANCE INFRA

Stock moved up from strong trend line support zone as shown in above technical image.

As per current chat Reliance Infra closed above its major trend line resistance zone and now its previous resistance will now act as a major support @ 464 for this stock. As long as stock holds above bulls will be favored and further price rise can be seen in coming days.

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Above image also indicates that stock showed long bullish candlestick pattern with increasing volume this shows bulls are currently active and intraday bulls action can be seen once stock holds above its yesterdays high @ 496.

MACD and slow stochastic are moving in +ve zone this indicates further price rise can be seen as long as Reliance Infra holds above its trend line.

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On 24 December 2015, Thursday Reliance Infra share price was closed at 491.70 +33.85 (7.39%).

Stock was on News:- Reliance Infrastructure is in the advanced stage of negotiations to sell its cement business and a deal can be announced as early as this week as the Anil Ambani-led firm tries to cut debt 

Reliance Cement, which has an annual capacity of 5.5 million tonnes, started operations in 2007 

Reliance Infrastructure, with a net worth of over USD 4 billion, is trying to sell its non-core assets, including the road business to pare debt and fund expansion in the defence manufacturing sector, which it feels will be the primary driver for future growth.

Reliance communication share price chart and trading tips - Stock has formed head and shoulder pattern in daily chart - updated for 28th December 2015, Monday

RELIANCE COMMUNICATIONS

Reliance commutations has formed head and shoulder pattern in daily chart, technical indicates bulls will be favored once it closes and holds above its pattern @ 88.

As long as stock holds below 88 trend will be mix and chances are high that stock may see some correction.

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Stock major trend indicator macd and slow stochastic is moving in positive zone this will favor bulls and expecting stock price to rise further up.

On December 24, 2015 stock price of Reliance communication closed at 86.05.

Stock was on news - Reliance Communications has put on hold the launch of the Facebook Free Basics service following TRAI directive to this effect. “As directed by TRAI, the commercial launch of Free Basics has been kept in abeyance, till they consider all details and convey a specific approval,” a Reliance Communications spokesperson said on Wednesday.

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Punj lloyd share price and stock tips - Stock is moving in rectangle pattern in daily chart - updated for 28th December 2015, Monday

PUNJ LLOYD

Share price chart of Punj lloyd is moving in a range bound pattern in daily chart technical indicates as long as it trades in between its range trend will be mix with no clear direction.

Upper side stock will find resistance around 29.20, once it closes and holds below then strength can be seen in coming days.

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Yesterday stock has shown long bullish candle with increasing volumes this indicates bulls are active and intraday action can be seen once it holds above its yesterdays high.

MACD and slow stochastic is moving in +ve zone this indicates price rise can be seen in coming days.

On December 24, Punj lloy share price was closed at 27.80 +1.60 (6.11%).

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