After a week of sharp fall reliance inds is showing support and a morning star type candle stick pattern has been formed. if price sustains above previous high i.e. 2122.65, it will confirm the candlestick pattern. This can cause a short term rise for 5-7% .Stocastic is also showing oversold signal.
ACC resisted the upper trendline and has fallen from 1580 Levels and broke 0.5 Fibonacchi Support. Can be shorted below 1520 for 1500/1480/1440. SL - 1535 Please consider following reasons - 1. Trend Line 2. Bearish candle on Daily Chart 3. Negative Result 4. Poor market sentiment
Forming a near double bottom formation . Go Long above 468 on the opening with the target of 475-480-485+, SL - 461
IDFC BANK FUTURE BUY AROUND 53.15 SL 52.65 TARGET 1 53.85 TARGET 2 54.55 LOT SIZE 9000