Don't be a fool by accumulating NSE:RELIANCE at these levels because of the results, jio, blah blah.......
Remember the level 655, it would come down there some day. Accumulate then only......
Currently, just trade, don't invest.
As IT sector, already had it's much-awaited bull run this year. If already invested in NSE:INFY , then with the Q2 2018 results you can exit or short at around 720 levels for a target of 590 odd levels.
Must start accumulating it from around 590 levels and buy on every dip from there.
Note: Also it formed a Bearish Engulfing on a monthly time frame
During the recent correction, NSE:HINDUNILVR has retraced to 61.8% Fibonacci on a weekly timeframe, forming a long wick, suggesting somewhat strong reversal from that zone.
With strong Q2, the stock might test 1680 levels.