In this video, I share my analysis for Nifty and Bank Nifty for tomorrow. I use my own technique called FASP to identify the immediate targets for the index. These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you. Wish you a very happy and profitable year ahead!
Clean break in trend, with imbalance can look for short.
Technically, Reliance is in a downtrend still. Given the 2 news updates on 21st and 22nd April, 2020; the stock has shown Bullish Divergence but the %Delivery against the Traded Quantity stands at 23% which indicates an Unstable Upswing. This also coincides with Harmonics PRZ (not highlighted on Chart) range of 1360-1390 22/04/2020 Closing 1363 Spot. Little...