Reliance Capital after a correction was on a consolidation phase. But a trend line breakout was witnessed in the last trading session. Scrip had given a crossing on 21 & 50 day moving averages, which implies an upcoming trend to be bullish. Positive crossover is witnessed in ROC & RSI indicators and MACD indicator is moving towards a positive cross over. These confirm the
bullishness in this scrip. The candlestick patterns earlier on the weeks chart was more or less Doji, which indicated an indecision but on the Fridays charts it was almost a Marubazu which shows increasing demand for the scrip, and the bullish invasion yet to come. Near time resistances is at 917, 938, 960 & support is at 864, 855, and 842. Buy with stop loss.