The last 8/1 angle support is at 163, if turns positive, target can be 242
There are three possibilities. 1. The scrip will immediately move above 387, to close above 4/1 angle. Next target will be 414. 2. It will visit 363 and move up, there by forming a double bottom in the chart, progressive resistance levels will be 387 and 414. 3. It will consolidate, gradually drift to 347 and then will make an attempt to move up from there.
May find a bottom at 75. Target in intermediate/ long term wll be 135
Rare setup of Gann box with speed resistance angles, Fibonacci price extension and time-zones based on last up move. These trend-lines are very powerful to scalp.
Support is at 138.50 and is little far away. It is likely that the stock may recoup 4/1 angle and move over 200 in short term. If it crosses 200 in short term, 242 will be the next target.
If downtrend continues, Reliance may find bottom at 1160. Target in short/ intermediate term will be 1275
Critical inflection point for nifty
Gann levels lower @ 200
Managed to close above 1/1 support. If it can hold above the support for a couple of days, we expect the stock may move up to 1090 in intermediate term
Holding 1/1 support for the last trading days. If it does not break, bullishness will return. Target 1500.
Just returned from support at 1910 and has turned bullish and remained little below the first resistance at 2008. If it closes above the resistance on Monday convincingly, firewoks may be seen up to 1/2 resistance at 2200
National Peroxide hold the support at 3916 on Friday. If it does not move up now, it will find support at 3693. And on Moday if it turns bullish, target will be 5560 with intermediate resistance at 4972.
It is not likely to touch the support of 5 months at 772 in this run down since the stock has turned around on Friday. Now Support is 774, target 938.50
On 27th September HEG closed at 3452, thereby closing below ¼ line of about 8 months. Friday HEG failed to cross and went down. If it makes an upturn and manages to stay above 3511, the stock will turn bullish. Else, we may see lower levels of 3163 and then the next support is at 2827. Major support is at 2500.
That 1400+ top may be a significant one marking the end of a parabolic. For the near term sell strength for a move towards 1010-1020. High beta stock so keep SL as per risk appetite