Bearish Butterfly formation in Jindal Saw.
Stock may correct around 132.
Here afterwords strong support is 125, Exit if close below 125.
A breakout above 125 has below targets.
T1 = 132
T2 = 136
T3 = 142
Head and shoulders patterns observed in Reliance Industries with a slanted neckline. The neckline got broken and can be tested at 2100 level. If it fails to rise above 2100 and sustain, we could see a short opportunity with targets mentioned in the chart.
The logic has been explained in the chart. Being a Nifty heavyweight, it could drag nifty further down below...
maintain stop loss of lowest trend line. Target 1 will be 148. Target 2 will be 172.40
Finale will be at 186 which will eventually become supply zone
Please like and share the idea and support it
for intra players
trading levels mentioned in the chart.
for short term players
buy and hold
trgt 466-500-550-600 +
don't miss opportunities guys....
lic in a adding level.
postive newses hitted but movemnts not done.....
expecting 500++ within 1-3 months
study then add