Tuesday, November 2, 2010

RIL Shows Rising Wedge

The RIL Chart is showing signs of the formation of a Rising wedge.
The bottom support of 1080 is broken as of today. (Marginal losses yesterday when broader markets were performing much better)
This is a bearish sign and may result into a significant downside.
A strong signal to exit the script
Note: The blue line is just a projected line

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