Reliance on daily chart is now near its resistance at 850. It is coming for the third time there making it weak resistance and should break it soon as it broke today its important 100 DMA below which it traded for long time. As shown in chart Reliance is trading in rising traiangle pattern and breaking its ceiling at 850 should take it to 880 in short term with stop loss below 840 and CMP as on 12 OCT 11 is 849.
