One can go long with the stop loss of 9 December 2022 low which coincides with the trend line marked in red for a target of 18670.
A Pennant has been formed on bank nifty hourly charts the target of which arrives at 36300
It has formed an ascending triangle and broken upwards. One can go long with a stop of 1372 hourly closing basis
The upper horizontal line marked as sell zone(marked in red) should act as the stop loss for shorts. The value of the upper horizontal line is at ₹1380/-The minimum target should be the lower horizontal line marked as buy zone(marked in blue). The value of the lower horizontal line is at around ₹1330/- The stock is very weak please don’t try to buy even at the buy...
Reliance is in a short term down trend/ consolidation. The idea is to simply buy at a probable support zone around ₹2500/- for a target of ₹2580/- Both the zones are demarcated by the trend lines.