The Control Price basically performing as pivot supports and resistance level on this stock. Therefore, the control price target is 1345 above.
You have seen in the chart, how a previous supports or resistance always give twist reaction so, safe first safe target 1339.
As a trader, start profiting booking from 1339 to 1347.
At value low, and excess plotted in...
As you can see in the chart that reliance is in strong downtrend from the 1400 level. Also, there is a gap between 1278 to 1303. It is taking support from 1303 -1307 and show a bounce back. Also, there is a 100 DMA @ 1302. 1335-1340 is a major resistance and there is a huge OI in 1340 call writing. So it is difficult to sustain above 1340.
So now 1340 is major...
Voltas has broken the trendline,also trying to go below 38.2 fib ratio,
therefore fresh short entry can be taken below 600.6.
Entry Below 600.6
First Target 595
Final Target 589
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While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
A peak is formed in daily chart at 0.9395 on 06/04/2019, so more losses to support(s) 0.9170 and...