It's not clear what your analysis is based on. Channels alone may not provide guidance especially when a stock is moving to a high-growth phase and slope gets steeper. In such cases, the upper channel line may not be respected. Yes, the top 10 stocks like HDFC, Reliance and ICICI are absurdly over-priced and running on steroids. This market will collapse for sure, the only question is when??
@Kinnari_Prajapati Reliance is getting crucial at this point. It should move to 1470..I really hope that if Reliance de-mergers its retail business..i will be more interested in investing in it right now.Oil & gas are not upto mark at this price also telecom stress are also coming..I will be more comfortable buying 10 shares of ONGC rather than investing in Reliance at this price.