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Alltimehigh

Reliance is back in bullish Trend to make new ATH?As we saw yesterday Reliance took a dip to 1564 region which was Target 1 and bounced exactly form support to break the previous ATH of 1620 and made a new high of 1626.70, which brings back reliance in a bullish trend. As on 16/06/2020 if reliance opens in positive and holds up to previous days gains, Buy Reliance above 1627 with SL of 1623 with a long term target of 1735. If Reliance fails to hold 1600-1595 Short Reliance below 1590 region with SL of 1595 will be the targets will be downside region supports mentioned in the chart.
NSE:RELIANCELong
by yeshuyesh45
DIVIS LAB SWING ANALYSISDIVIS LAB made a strong close yesterday and has reached its all time high. The trend is bullish and the stock has no further upward resistance which could mean a good long entry for both swing as well as positional ,riding the trend and trailing your stop loss. Trade will be valid only on bullish 75CB and further price action confirmations. Here's the daily chart : Indicators : However, one to keep in mind would be Nifty50's movement. If the index goes up with strong momentum,a long trade in pharma sector has a probability of failing. BSE:DIVISLAB
NSE:DIVISLABLong
by internal_0rgan
Will JSWSTEEL break its ALL TIME HIGH & continue its uptrend1) Testing its ATH (All Time High) level. 2) Perfect 'v' formation @ important level (which is very very bullish indication) 3) 78.6% fibonacci extension level on WEEKLY timeframe coincides with ATH. As we know, breakout of 76.8% lvl of fib extension considered as continuation of the mail trend. 4) Concern : forming DOJI from last two days. 5) Relief : Even after forming 2 DOJI, momentum of the stock is intact. If it passes this level, it has ability to hold this level, take a breather & move ahead. 6) OI Analysis : People still holding their LONG positions from the recent rally. 7) Options Analysis (for Friday): 81k contracts added @ 340PE & 27k contracts removed @ 350CE (implies bullishness). PCR OI is slightly less 1 (implies indecisiveness) PCR Volume is 0.717 (implies bearishness) Being FRIDAY tomorrow, I dont expect much to happen will definately keep an eagle eye on this stock for my portfolio.
NSE:JSWSTEELLong
by akc_trading