RELIANCE

PLEASE THE SUPPORT IN THE CHART AS 1848 AND NOT AS 1868
RELIANCE after the disappointing results looks set to shed some fat, the supports are as follows. First support is at 1950 followed by 1848 and then at 1801 and then at the lower band of channel at 1648.OF all the supports the one at 1848 is the strongest one as the 50% retracement from all time high to October lows and also the 50% retracement of the recent rise from march to post election euphoria is at 1848, also the 25 week MA is in the region of 1830-1840.