CUP
Cup formation on Reliance - LONGTechnical Analysis:
EMA 5/20 bullish crossover and EMA 50 lying below the price.
Stochastic on bullish but lying in overbought level and may take some correction.
MACD on bullish and histogram on above the level '0'.
RSI above 50.
Trade:
Buy above - 1042
Target 1 - 1049
Target 2 - 1058
Stop Loss - 1033
Reward Points - 16
Risk Points - 9
Cup formation on Nifty - LongCup formation on Nifty 1hr chart.
Trade (on spot)
Buy above - 8255 (spot)
Target 1 - 8285 (spot)
Target 2 - 8317 (spot)
Target 3 - 8347 (spot)
Stop Loss - 8210 (spot)
Reward Points - 92
Risk Points - 45
Note: Price quoted here is spot not future so please trade accordingly..