Reliance in Channel and on Support Now. If channel breaks then more fall on cards or else reversal can happen.
Cipla can be long here, good RR , Positive RSI divergence seen on 1 hour chart.
On weekly chart W pattern formation is is process. Keep watch. Green line is SL
Reason for Bullish, Daily CPR moving upward. Stoch RSI giving buying signal. RSI also picking up momentum. And Most importantly if everyones view is on short smart players know how to cut their positions 😀 My tgt for sept month above 130. SL will be 115.5
Likely to give good upside move in August. If Closee below 285 then view will be neglected. For learning purpose.
Please watch the levels. Could be flag breakout. SL-875 Tgt- 1026
Banknifty making Lower High and formed head and shoulder pattern. On daily or weekly time frame once can watch for yellow trend line importance. My targets for the next week is below 33000. PS- View neglects if closed above 35500.
GOOD RISK REWARD RATIO FOR EDUCATIONAL PURPOSE ONLY.
RISING DOLLAR INDEX. LIKELY TO BREAK FROM THE BOX ON UPPER SIDE. WATCH THE LEVELS. FOR EDUCATIONAL PURPOSE ONLY.
DOW JONES TAKING SUPPORT AT 20EMA ON DAILY CHART. AND AFTER MAKING NEW HIGH OF GAP OPENING BECAUSE OF VACCINE NEWS IN NOVEMBER, DOW TRADING IN BOX. MORE LIKELY TO BREAK THIS BOX SOONER OR LATER AS CHART IS SAYING SAME, LOOK OUT FOR TODAY, IF IT BREAKS BLUE LINE WHICH IS NOW SUPPORT THEN MORE FALL ON THE CARD. THIS WILL AFFECT GLOBAL INDEX ALSO. FOR...
DOW FUTURES AT VERY CRUCIAL LEVEL. WATCH OUT. IF ITS BREAKDOWNS THIS LEVEL FURTHER MORE FALL CAN BE SEEN. IF IT RESPECT THE MENTIONED LEVEL THEN GET READY FOR NEW HIGH OTHER WISE BYE BYE FOR EDUCATIONAL PURPOSE.