Ancient_Trade

Ancient_Trade

Long Bank Nifty :- On Friday after the RBI booster , there was a sharp rally in Bank Nifty and at the Closing it closed above the 200 DMA which is considered as a positive from Medium to Long Term. Earlier in Sept , 200 DMA was acting as a Resistance and we had a sharp decline from there but this time , if it succeeds in Trading above the 200 DMA , we can have a...

Ancient_Trade

Neutral View on HDFC Bank

Ancient_Trade

Sell Reliance below 2176.... SL @ 2202 , Target @ 2100... On charts , Red Candle forming from last 4-5 days which on the verge of taking out lows of a big green candle form and once lows of big Green candle I.e. 2176 is taken out , next support will be @ 20 DMA which is @ 2100...

Ancient_Trade

Sell Reliance below 2176 ; SL above 2201... target @ 2100. Reliance is on the verge of taking out the Big Green Candle Formed by subsequent continuous Red Bars...and once lows of Green bar @ 2176 is broken , then 20DMA will act as a support which is @ 2100 approx...

Ancient_Trade

Sell Reliance below 2176 , SL above 2201.... Target : 2100.... As per charts , it is on the verge of taking out the Big Green candle on daily charts and once the low of 2176 is broken , next support will be the 20 DMA which is at approx 2100....