Tomorrow will do wonders....expecting
IN HOURLY CHART IT HAS FORMED WXY PATTERN WHERE Y WILL BE EQUAL TO X LETS SEE
Levels are on the chart
Expecting the stock to break the supply zone.
It has shows reversal from the PRZ of a Bullish Harmonic AB=CD. It can retrace back to 1980-2000 as long as it does not breach 1900
Nifty IT had made a Bullish Harmonic 3 Drives Pattern (a pattern not found so regularly in our markets) which lead to a sharp rally and a higher low confirmation. It is now approaching a Falling Trend-Line which coincides with the PRZ of a Bearish AB=CD. As per Ichimoku also 16000 has a weekly resistance which might hinder/pause the trend. A breakout above it will...
Reliance Industries has formed a clean bearish engulfing candle today. any upside possible will be close above todays candle only Daily Kijun test is possible which is around 1520, since 20 dma is near by we might see some support. todays move shows bearish setup on daily charts