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Largecap

Reliance Industries price action analysisReliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side, Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so be it becomes absolutely important to wait patiently for a trade position. Above the supply zone, all the shorts could be trapped, a short covering move could give a strong rally upside. This is a neutral idea. So there are no targets. Once we have a proper trend, we will set targets. Happy trading :) This is not investment advice, please consult your financial advisor before investing.
NSE:RELIANCE
by Sanjan91
2
HEG ready for a blast✔heg cmp 2195 add @2100 range 2370-90 acting as a good resistance. once it breaks the resistance, we can see a good ride in the stock. Why was it selected❓ 🔹expecting good growth in this company 🔹Technically looks good. 🔹Funda almost good. 🔹Good numbers. 🔹Company is almost debt free. 👉Entry possible,but it’s not a buy recommendation.Study well🙏 ABOUT THE COMPANY🍂 HEG Ltd is India’s leading graphite electrode manufacturer. It has one of the largest integrated Graphite Electrode plants in the world, processing sophisticated UHP (Ultra High Power) Electrodes. It is the premier company of the LNJ Bhilwara group. Thank You.💚 Like🔹Comment🔹Support
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by ANKITHSHAJU
10
NIFTY HEAVYWEIGHT TUMBLING DOWN !Tata Consultancy Services Lets Analyse :- a)TCS which has the single largest market cap in the Indian stock market dropping down for the ' 5th Consecutive Day '.At the same time the Nifty is showing some strength. b) Looking at the chart we can clearly see that the stock has found sellers in between 2250-2300 price range on 3 different but consecutive occasions. c) It has found support in between 2030-2070 on two consecutive occasions...and has a high probability that it may try to find support here for the THIRD TIME . d) Also we have the 200 Ema lining up at the level. e) There are very very minor TA confluences like H&S /Elliot wave 5/Divergence etc also flavoring a drop. Looks a great sell till 2070 at-least. All the very best Hare Krishna
NSE:TCSShort
by VahniTrading
1