There is a bullish divergence in reliance. It has been falling from last 4 sessions. and it is evident from the chart that Rs.2081 is a great support. breaking it would lead to a downward journey towards Rs.1980. on the up side, there has been a constant rejection from the trend line. If it manages to hold above the trend line, then two targets of Rs.2185 and Rs....
There has been a formation of triangle pattern. If breakout occurs, it will once test the level of 40.30. If closed above it on 15 minute time frame, a target of 41.30 (previous high) cannot be ruled out.
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There is a formation of flag and pole pattern in PNB. once breakout, important level to watch out for is 43.05 (faced resistance many times before). above that, target would be the previous high of 45.00.
