Nifty Strength is getting weak. Expected to fall.
More over 75% of the stocks almost reached more than 150 - 200%. so this will expect to fall.
Even if nifty breakout done upside that may be the trap for retail traders. After the breakout nifty may fall.
Scenario 1: ( Triangle Pattern )
If M_M Price forms Descending Triangle pattern. Then is a Chance for Break out @ down side, If So
Then the Entry Price Should be730
1st Target is 681.25
2nd Target is 663
Stop loss is 742
Scenario 2: (Cyclic Double bottom )
If The price Breaks above 781
Then the entry price is 781 after retesting the Zone from 798.
Currently Infy is in Horizontal channel pattern.
Scenario 1 - If nifty price moves above 1340 we can take entry with target of Rs: 1378 and stop loss is Rs: 1323 (This is small buying opputurnity)
Scenario 2 - And Price further continued and if breaks above 1388 then the we can take entry @ 1388 - Target 1453 & 1474, With Stop loss is 1374
Scenario 3 - If price...
Currently reliance in Channel pattern and currently formed the triangle pattern inside the Channel pattern.
Also in Critical Zone. Buy above if price breaks 2037...
Sell Below if price breaks 1826 and it should break the trendline. Then Reliance will Fall..
Not advisable for intraday..
It is better to say away in reliance for retail traders Otherwise taking...
Buy Above 374.. But not advisable for Buy..
Cannot to see any buying pressure.
Even Symmetric Triangle breakout happen in upper side, there is lot of resistance.. price will difficult to move upside.
Sell Below when the trend line breakout..
if the price tested the trend line again & if breaks this will...
HDFC is perfectly taking the support of Trendline, Which is getting weaken. And also keep testing and taking support level @ 1364.. This support is also is getting weaken..
If the price Breaks the level of 1360, it may test the level of 1241 & 1171