> As we can see in the chart, the Channel pattern has been Broken down with a very good volume, the Ascending Trend Line(TL) support was very strong as we can see Price took support from that same TL 5 times in the past. > After breaking the TL we can see the weakness in the candles, we can see huge rejection from the sellers. > This is the right time to enter...
SCENERIO - Reliance is trading on a very crucial levels. We have Fibonacci 50% level that gives a good reversal sign. We have 200 ma, where price is sitting right now. We have a good support trend line that has been tested multiple times and seems like this trendline breakdown is a good breakdown because there’s an increase in volume too. 1) 200 MA 2) FIBONACCI...
Target: 432, 460 CMP: 410.50 It can be clearly seen in the daily chart that the price has been in a falling channel and has taken a support at the lower end of the channel, this can be confirmed by the presence of a doji candle. Now, the price is headed towards the upper band of the channel(432), if it breaks the level and sustains, then we can expect to see a...
Made double bottom, tested support and gave good bounce and now expecting a breakout. Buy above 731.5 (Intraday). Please do your analysis. Before trading..