stochastic in over bought condition.
Nifty respecting the support and resistance.
if nifty breaks 11641 (IMP) next nifty li likely to touch 11498
Reliance seems to fill up the gap and bounce from around 1280.
Please see attached filE Any like this idea
Target 1 and target 2 achieved. Will update other targets. Please look in to the attachment. Please like if that call deserves
It seems pattern developing is of bearish butterfly Incase of that it seems some upside movement left for the stock.That is 127% to 161.8% XC.
Still stochastic indicator not in over sold condition. It seems some more upside left for it. I will try to explain in the next chart. How ever short can be initiated if the trend line is broken decisively.