Get started

Learn_at_stoxsense

Reliance : Good Entry Point🚨 #Reliance Share – Opportunity or Caution? 🚨 📉 Why the Dip today ? Reliance shares are under pressure today, largely due to a potential ₹125 Cr fine for not setting up the battery unit. 📊 Key Levels to Watch: 🔻 Support: The stock is trading in a strong monthly demand zone of ₹1110-₹1180, with another support zone below. If it can hold ₹1000 in the coming months, a potential reversal rally could be on the cards. 🔺 Resistance: On the upside, ₹1330-₹1360 is a critical supply zone, aligned with the 20W EMA—a breakout above this could signal a trend reversal. 🚀 What’s the Catalyst? The highly anticipated Reliance Retail IPO in 2025 could act as a strong fundamental support, reducing the chances of a major sell-off. 📌 Bottom Line: If Reliance defends key support levels, this dip could be an accumulation opportunity for long-term investors! 💬 What’s your take—Buy the dip or wait for confirmation? ⬇️ #learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading #sebiregisteredra #reliance
NSE:RELIANCELong
by stoxsense
TCS : Heading DOWN Closer to SupportNifty IT index is in a downtrend, and another 4-5% fall in the index seems imminent, before some relief. Inspite of decent results and forecast, the TCS share prices are taking a beating too. - It has decisively broken it Monthly support of 20month EMA line, and also the weekly support pivot, and is trading below it now. So, in the short term stock is expected to remain under pressure. - TCS stock prices may find support near 3500 to 3700 zone now, where 200 week EMA and weekly support pivot is located, and just below it 3300 to 3400 levels are also strong support zone - In case of any bounce, traders may decide to sell the stock again and level of 4000 to 4100 is also going to act as strong resistance in the TCS stock. - RSI indicator is also suggesting weakness in the stock in short term. - As volatility in the stock is inching UP, an option trade might be the best bet to trade this stock with lower risk. #stoxsense #learntradingwithsudhir #learn_at_stoxsense #TCS #NiftyIT
NSE:TCSShort
by stoxsense