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RELIANCE - Day chart EMA crossing

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NSE:RELIANCE   RELIANCE INDS
Daily chart's 12EMA crossing upward of 50EMA, is a bullish entry trigger
Two days consolidation after the crossing, is positive.
Weak to Strong hand-over took place, those two days
Strength indicator got stronger
Direction movement indicator biased for up-move.

CNX Energy, benchmark index for this stock, also showing strength.
Both improved by 12%, MTD month till date, in last 16 days.

Fibo levels surpassed swiftly , making probability to go back to Fibo 1.0 level.
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