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RELINFRA – TECHNICAL CHART STUDY AND VIEW FOR SHORT TERM

relinfra

one can buy relinfra if close above 435 only with support as sl at 400 target 465-485

if close below 395 then one can go in sell also for more further movement till 360-315 also.

as per the technical chart development we can see that, relinace infra has taken a support on trend-line, and its kind of small HNS pattern development, and price taken jump from neckline. so till the neckline support sustain it can stay positive.

with RSI it has developed “BULLISH DIVERGENCE ” on chart, and rsi also taken support of trend line and able to move above resistance level also.

so overall consideration is till trendline support is sustain and if it able to give close above desire level then more up move to see, below support level we can expect fall.

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