1. On a daily time frame, Nifty50 formed a Head and Shoulders(H&S) pattern which is a bearish reversal pattern suggesting a potential downward trend. NIFTY broke the neckline and completed the H&S downside fall. 2. Now NIFTY is at a 0.618(22,435) Fibonacci Retracement level and is currently being tested as support. Next Fibonacci level on the downside is is at...
RELIANCE buy at 1225 - 1235 SL 1160 for 1370-1430-1485
QCOM CMP: 161.3 after results formed bearish flag patterns each day and has consolidated enough. With a small SL of $158, heading towards 173-75 zone