Reliance has made Curve resistance which is working from last 2 years
Also Reliance crossed 20 lakhs Market cap and Investors are very positive on Stock
But one have to look chart differently
Resistance level is coming around 2990-3010
We can see huge selling of 15-20% in the stock
One can take Bearish trade according to Risk appetite !!
Thank You !!
📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Curve Resistance
📌 Symbol/Asset: Reliance
🔍 Description: Stock is around 3 years of curve resistance.
It's another Point of View that noone is talking about.
We can see selling from 2600-2640 levels.
Shorting opportunity !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Hello Traders!
1. We see GBPUSD taking curved support with all the bullish scenarios. The market has been in consolidation for a long time.
2. Most expected targets have been marked on the chart.
3. The suggestion is to keep stops tight but definitely not too tight. Do take some buffer.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
BATA INDIA has given closing above very important resistance and forming a good curve pattern. So it can be a really good trade if it sustains above that level. we can see a good rally.
The stock is trading near the support of curve line.
It has already formed a M-top pattern that is double top.
The stock is trading in between 100 and 90 price.
The stock can be Bullish from this level and can move till 95.64.
Below 88.65 stock can be bearish.
