Blue lines marked will be the major targets for Reliance towards its journey to 1700 and beyond. Dont forget to hit like and give me a follow.
Buy at blue line or on breakout above 37888 levels with stoploss 5 points below redline. All the best!
Reliance is looking good for some short term retractment. Sell with levels marked with white lines as targets
I expect the stock to consolidate in the range marked with white area for next few days. Buy it/long it once it makes a confirm bounce as per monk strategy from the marked zone.
Sell on the breakout for greenlines as targets. All the best!
TRADE AS PER MONK STRATEGY AND DO NOT SHORT NIFTY UNLESS YOU GET THE CONFORMATION. ALL THE BEST!
Nifty was waiting for a trigger to start its course to correction and i think it have started its move into that direction. As a trader i be more than happy to see Nifty completing the much required retractment as it will expedite its next move towards 13000-15000 levels in coming years. My advice to new traders, Preserve your capital and let Nifty complete its...
SELL AT BREAKOUT FOR TARGETS MARKED IN GREEN. Incase it manages to close above line marked in golden colour then expect a trend reversal.
Exide did a breakout as per my previous analysis and now you can open a long if it adheres to Monk setup. Targets are marked in green. All the best!
Buy above the yellow line for green lines as targets and red as stoploss. To know more about Monk strategy feel free to dm me on the link shared in my profile. All the best!
WAIT FOR BREAKOUT AND BUY FOR TARGETS MARKED IN GREEN. ALL THE BEST!
POSSIBLE UP MOVE AND THEN REJECTION FOR ANOTHER RETEST OF LOWER SUPPORT. BUT FOR NOW ITS A LONG
This simple old school charting technique tell us that Reliance is looking good for a long trade with green lines as targets. If you want to learn more about the same or have any question then feel free to contact me from the link mentioned in my profile. Dont forget to like the chart and share your opinion in the comments section. All the best!
TRADE IN THE DIRECTION OF ARROW WITH SHADED AREA AS TARGET ZONE. SAVE THIS CHART AS THE ANALYSIS SHADED ZONES REMAIN VALID SUPPORT AND RESISTANCE FOR ATLEAST ANOTHER SIX MONTHS. ALL THE BEST!
Long on the breakout. for any further updates you can check my tradingview profile. All the best!
Market loves to create trap for traders and unless you dont learn to read these traps you will end up on a loosing side. Nifty is forming a short term bullish structure and rather then opening a short sell setup i will prefer to go long on the breakout from the wedge. Dont forget to like the chart and Feel free to share your opinion in the comments section. Visit...