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A host of companies including index heavyweights such as Reliance Industries (RIL) and Hindustan Unilever (HUL) announced their third quarter results of FY19 on Thursday. Here's a look at what technical indicators suggest for them and other buzzing stocks -
Reliance Industries: The formation of the Symmetrical Triangle on the daily chart has triggered rally towards the high of Rs 1,186 level, touched in November last year. The said pattern represents consolidation before breaking out or breaking down. The two trendlines need to converge to start afresh rally.
The 100-day moving average (DMA) is located at Rs 1,147 where a minor selling
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