Motherson Sumi has formed a weekly dark cloud pattern on good resistance. Also, it has broken down the descending triangle channel which is another selling indicator.
Sell at the current price (79) for the target of 58 with SL of 92 on a daily closing basis.
Post running a bullish trend now Reliance has formed weekly dark cloud pattern on good resistance. Also, it has broken down the bullish channel which is another selling indicator.
Sell at the current price (1433) for the target of 1340 with SL of 1600 on a daily closing basis.
Happy minting :)