Reliance last few days after the gap up. is slowing down after a big rally. last 9 candles on daily chart after the gap up, buy volumes are decreasing with sell bars increasing. looks like it is weakening. as long as it is above daily tenken san (light blue line), it might inch up but struggle . would be a good short if it again tests todays high with target 1530 1500
We can clearly see the price struggling to breakout of the Weekly Levels. In the Daily, we can see a Negative Divergence with RSI (orange line) followed by Double Red Inside Bar. If today, the price breaks below the yesterday's range, we can expect quick down move.
ICICI BANK.. has been on a rampage and is one of the strongest stocks in the index it has been going up in a wedge. the wedge has been contracting and the price is still moving inside it today the tested tenkan san and formed a hammer. nov 5th is rbi meet and can be the time whether it gives a breakodwn of the wedge or go up for one last move up before a...
Looking Good For Up SideFor (LTP-707.25) Range 710 to 680 Support 630 Up Side 1300+++
If DLF sustains above 203 then it would go up to 220 and further up. Next resistances marked on the charts
There may be consolidation / correction as earlier was single side move Above the consolidation, it would move further