Don't be a fool by accumulating NSE:RELIANCE at these levels because of the results, jio, blah blah.......
Remember the level 655, it would come down there some day. Accumulate then only......
Currently, just trade, don't invest.
As IT sector, already had it's much-awaited bull run this year. If already invested in NSE:INFY, then with the Q2 2018 results you can exit or short at around 720 levels for a target of 590 odd levels.
Must start accumulating it from around 590 levels and buy on every dip from there.
Note: Also it formed a Bearish Engulfing on a monthly time frame
As shown on a Monthly time frame NSE:HEROMOTOCO, the stock is both at strong bullish reversal and at resistance. With muted Q2 2018 results, the stock might dip towards 50% retracement of the last candle, which should be accumulated with given stop loss for a R:R of 2+
On weekly timeframe, NSE:BANKNIFTY shows a strong rejection at 71.6% Fibonacci retracement levels with a Bullish Engulfing[/i] candlestick pattern.
One can constantly go long, on the break of 25500 levels on spot for a target above 26300+
During the recent correction, NSE:HINDUNILVR has retraced to 61.8% Fibonacci on a weekly timeframe, forming a long wick, suggesting somewhat strong reversal from that zone.
With strong Q2, the stock might test 1680 levels.