Analysis of reliance. for tomorrow.. For Intrady.
Everything provided in graph.. Analysis on your own also.
My Reasons for shorting :-
1.Can form head and shoulder.
2.Ichimoku cloud also indicating for strong sell.
3.BANKNIFTY And other markets were red yesterday.
4.Forming a kind of bearish engulfing in day time frame.
Don't immediately take entry after opening of market. Wait for some time before taking positions. As Q3 results indicates a buy signal for long term trade so it can also go up.it can also take support from 2040.05 level. that's why don't trade immediately after opening of market.
But tomorrow according to me Reliance will go down and will take support from neck line and then will start shooting up..
Anything provided can be true or false. Please comment what you think about it.
My Reasons for shorting :-
1.Can form head and shoulder.
2.Ichimoku cloud also indicating for strong sell.
3.BANKNIFTY And other markets were red yesterday.
4.Forming a kind of bearish engulfing in day time frame.
Don't immediately take entry after opening of market. Wait for some time before taking positions. As Q3 results indicates a buy signal for long term trade so it can also go up.it can also take support from 2040.05 level. that's why don't trade immediately after opening of market.
But tomorrow according to me Reliance will go down and will take support from neck line and then will start shooting up..
Anything provided can be true or false. Please comment what you think about it.
Trade closed: target reached:
Markets are going to go green. Take the maximum target the Brown Horizontal line. it may take support now from brown line and start shooting up.
Comment:
Take targets according to you it may fall constantly. According to me it will fall upto 1 feb. when the budget will be announced. and can fall down or reverse its trend after 1 feb.
