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Rectanglebreak

~~ Looks difficult to sustain ~~Gillette broke out of a multi-month resistance of around 7110 on Friday with a huge upmove. This is a good sign as it marks a rectangle breakout. However, It is interesting to see if this breakout sustains in near term. RSI indicates a downturn from this range as it did historically from similar levels. As per my analysis, the 7100 levels are important to watch out for and it should act as a strong support if the price sustains above it for some days now.
NSE:GILLETTE
by BullBaba92
NIFTY Rectangle Forming... Possible Breakup 11150Guys NIFTY form Bullish Rectangle Keep Watch and get profit on OPTION Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
NSE:NIFTYShort
by sakthideva