This stock got support at trend line support area with some positive bias so look for long entry here for nice rebound. keep this stock on your watchlist and find best trade for your self using this chart.
stock price reached it's weekly resistance zone and last week rejected from that zone showing some weakness, bullish view only above that resistance zone so keep this stock on your radar and find best trade for your self.
After breaking trend line support area price again retested that breakdown zone so it is good opportunity to short this stock in this rally for some lower target. sell @ 325 with sl above 340 daily closing basis for target around 300.
Price got breakout from trend line resistance zone with good volume. from last 1 week delivery data also good. yesterday 86% delivery recorded.. expected target is 245 in short term with stop loss below 200 closing basis..
After breaking resistance area now price again retraced towards trendline support area.let's see how price react tomorrow at dis point. if price action suggesting bounce in dis stock then we will enter in dis stock for long trade
head & shoulder pattern on reliance hourly chart...neckline broken at 1420 and stock closed below that level below 1420 if price sustain then next stop is 1360..pattern target is 1250..
i will share trade plan if i punch any trade in dis stock