> Reliance trading at crucial level which weekly trendline. > on daily timeframe, closing below 2363 could be big trouble. > double top pattern is clearly visible. > on daily timeframe price is below all key moving averages. only for education, not a trading recommendation. NSE:RELIANCE
Nifty closed under 16k, Banknifty under 35k, as Reliance and HDFC Bank dragged the markets. What's your view for tomorrow's expiry?
Reliance is at 1 hour support. Keep an eye on it for tomorrow.
IT stocks dragged Nifty below 16,100 today, a considerable fall. I feel all eyes are on the expiry now as we approach key psychological levels for both, Nifty and Banknifty.
Nifty closed above 16,200 thanks to RIL while Banknifty outperformed. What are your views?
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marubozu candle or big bullish candle formation on support line follow same support and trend line
Around 2300, we can buy if we see the volume or any reversal pattern
Reliance Industries - Daily Chart Analysis Current Market is around crucial support zones which if held is good for upside into resistance , if market supports the upmove then it may even get around swing resistance . If the Crucial Supports are broken and market stays below the zone for more than a 1-3 days then we may see severe correction in this stock
Crossing 2424.20 move towards 2445 / 2471 / 2481.55 / 2542.4 / 2574
Refer Chart For Assured Levels. SL:- low/high of entry candle.
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Nifty broke above 16,100 and Banknifty almost touched 35k! Are the bulls back with a bang? Here are my views. What are yours?
As you can see ITC formed leading diagonal in a monthly chart and gives a breakout upside. ITC completed it's 1st and 2nd wave and it's now in 3rd wave of monthly chart. The first Target of ITC will be 387 and second Target 417. We can see a very strong upside movement in ITC.
Nifty ended the day near 16k despite pressure from Reliance. Private banks did very well, but PSU banks were positive as well. Have the bulls regained control? What are your views?
Reliance after making big move & has reached to upside & formed ascending channel & showing some weakness on daily timeframe. I would definitely won't trade on this. Best time to stay away & wait to see further movement.
Reliance in Support Zone of 2400-2300. Holding of these levels can be positive for the Bulls in pushing prices higher.