banknifty creating falling wedge pattern Time frame- 1h Buy after sustainable breakout Target- 33990/34300
A consolidation may end soon with a good breakout : )
short term If market supports short term we can expect 2082-2120-2168 long 2300-2400-5000+ and if market falls it may test 1930-1830 level again. so watch it. like - support - comment
rectangle / range bound breakout disclaimer - trade @ own risk old view shared below for reference
RELIANCE: RESISTANCE 1915 - ABOVE THIS WE NEED TO TAKE BUY TRADE, TAKE THE TRADE ONLY ON CONFORMATION. - IF IT CANT HOLD OR SUSTAIN 1915 LEVELS WE CAN TAKE SELL TRADE BASED ON CONFORMATION
RELIANCE BUY ON DIPS BUY LEVEL 2080-2070 SL 2060 TGT 2177-2200 RESISTANCE: 2146-2177-2200 SUPPORT: 2080-2070
THESE ARE THE TREND LINES RESPECTED BY AXIS BANK.ITS IN A UPTREND NOW .BUY AROUND 405 AND TARGET TILL 480
RELIANCE 1420-1450 BUY FOR UPSIDE 1485-1510-1550+ SL BELOW 1400 CLS BASIS
RELIANCE is going to 1416 i would say 1370-1330 ( 1330 which is 38.2% ) Fib level twomorrows market will be a deciding factor in my opinion but i am bearish about this and think it can go down william% is oversold on daily time frame PLEASE MARK IF THERE IS ANY MISTAKE AND TELL ME STOCKS THAT I SHOULD ANALYSE
Reliance Industries chart has formed an Ascending Triangle Pattern. Volumes are increasing and MACD is above 0. Target of 1592. Trade for following targets: T1: 1353, T2: 1472 & T3: 1592. SL: 1115
ITS IS RESPECTING TRENDLINES FOR ONCE EITHER SIDE BREAKS GO LONG OR SHORT TARGETS GIVEN
Bearish Bat Reliance Industries Prz - 1390 - 1397 Sl - 1404 Target 1 - 1382.50 Target 2 - 1374 Experimental
These days, I'm able to spot such patterns. Call it Flag / Triangle etc. But after the trend line breaks with a considerably big candle, it goes flying and hits the target ( basically a strong resistance from the past ) - I'm sure these type of patterns already existed even before I was born, I am probably noticing it now.
Buy Reliance 1224 SL 1215 Target 1250
this is just based on imagination and some technical logics ...,, before jumping in a trade add your BRAIN (IF YOU HAVE please use ) not a recommendation just a intution!!!!
Close Below Support Line My Target ----1011.13 My Sl ------1129.02 Happy To Help