AN EXTREMELY STRONG BULLISH PATTERN IS BEING FORMED. A CUP AND HANDLE WITHIN A CUP AND HANDLE!!! TARGETS OF ANOTHER 10 PERCENT ON THE UPSIDE!!
RELIANCE TARGET 1950-2000 MINOR CORRECTION OF ABOUT 1 -1.4 PERCENT CAN BE SEEN WHICH IS AN IMPORTANT TRENDLINE SUPPORT AFTER THAT THE MOVE WILL BE BIG REACHING LEVELS OF 1950-2000. THE MINOR 1 PERCENT CORRECTION CAN BE SEEN NOW WHICH WILL SET IT UP FOR A CLASSIC CUP AND HANDLE PATTERN WHICH WAS ALSO PREVIOUSLY OBSERVED AFTER WHICH IT GAVE A BREAKOUT OF 7-7.5 ODD PERCENT!
simple gap theory and fibonacci analysis! watch the trandlines beautifully intersect.
hdfc bank target 1080-1090. last swing of 5 percent is likely left , till the top of the bollinger band. disclaimer- i reserve the right to be wrong ,one must do his own study also before entering the trade and this is my view.