Key Levels for NIFTY50: NIRMALA JI GAP DOWN
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
RELIANCE FUTURES AND OPTIONS MOMENTUM TRADE IN MAY CONTRACT
!!please note trade with caution!!
!!manage your risk!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
OPTIONS TRADE IN RELIANCE
Reliance ind looking bearish.
1. Double top and it may create another top including that top it will be triple top then.
2. Bearish divergence on the Money follow.
3. There's a possibility retracement at 1370 before moving up.
3. There's a strong demand zone at 1259.
I am a rookie in this subject and trying to fetch as much knowledge as possible to apply in the stock market.
Feel free to suggest any error or update. this is my first analysis.
Thank you. hoping to see supports from the community!
MIGHT FACE RESISTANCE AROUND 1500-1540 AND RETRACEMENT
- RSI OVERBOUGHT
- LONG UPPER WICKS SHOWING SELLING PRESSURE
- AT UPPER PARALLEL CHANNEL
- QUARTERLY RESULTS ARE BAD - REVENUE DECLINED PROFIT DECLINED