ANALYZING THE GIANT "RELIANCE" AUG 09 EOD

THIS GIANT SEEMS TO BE TIRED AND UNABLE TO PERFORM EVEN IN THIS BULL MARKET ?!
LETS TAKE A LOOK @ 6 MONTH GRAPH ...
BECAUSE FUNDAMENTALLY NO HARM FOR THIS STOCK...

TECHNICALLY :
STOCK HAS BEEN MAKING NEW LOW + NEW LOW.ALL THE MAJOR INDICATION SHOWING STOCK IS NEARING OVER SOLD+ RECOVERY ZONE BUT.... NO CLEAR INDICATION FOR BUYING BETTER WAIT TILL GET CLEAR SIGN
DOWN SIDE TARGET 980 IF IT SLIPPED BELOW THEN 960 ALSO POSSIBLE ... IF ANY CASE RELIANCE HIT 960 AND MARKET ALSO GET'S TAPE OUT EXPECT HORRIBLE CORRECTION BUT USE THEM AS BUYING OPPORTUNITY ...........

OVER ALL HOLD LONG WITH STOP LOSS 960 TARGET 1100

WITH REGARDS & LOVE

PEARL KUMAR AUGUST 09 2010