Ditto as Dixon as regards to performance since March low is concerned. 350 could be a good entry point for ling term.
It has given tremendous return from the March '20 low and is destined to cross five figure sooner or later. On strong support and 8650 which may be seen in a couple of days, could be a good entry point for future.
This is Perfect Example of History repeats . Rolls Royes almost touched its' historical low @ 64 Rs.
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Friday Manorg has crossed an important resistance and for some time 460-480 will act as a support. If it is able to close above 560 in say two weeks, we may see level of 650 in November 2020.
Either it will return to its up move from here or it may touch 196.50 and then go up. There is a possibility that we will see a level of 214 on the first week of December 2020
RIL MAKE OR BREAK LEVELS GOOD FOR SWING #reliance
Bank nifty is running in a uptrend channel and formed a pennant pattern now. Currently it is moving in between important Gann levels i.e 24836 and 24210. A wise trader should wait for breakout/breakdown from this levels instead of pennant. For bulls- Holding above 24836 levels will push Bank nifty towards 25470. For bears - Holding below 24210 (More precisely...
My wave analysis suggest a nice buy coming soon..Do not miss it.
We could see breakdown to trendline, if the price fails to bounce back, we could see 4345, 4285 and 4230. Conservative entry should be below 4390. Regards
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Levels mentioned on chart... Comment your views...