Dow Jones has important support at 33868. Next support at 33599. If that gest broken and sustains for few sessions, we can see significant fall in stocks. To resume uptrend, resistance of 34833 has to be crossed and sustained.
Reliance has become weak after ARAMCO deal news. RSI level of 38.39 not broken since May 2021 is now broken. Moving towards 2314 . First support 2314 . Second support 2231. Analysis for self record only.
Gann fan analysis for Crude. We are in a sort of neutral zone with resistance at 85 and support at 79.6. If 85 is crosses, we will see a good upmove. If support breaks and Gann fan level breaks too, we can see a deep fall as seen in history and marked on the chart.
In 15 minutes chart, we can see the strong uptrend is broken. Stock looks bearish for a few days now. Heading towards 2214. Support levels of 2214 and 2181 are crucial. To resume uptrend, it has to cross 2261. Analysis for self only.
NMDC has shown stability in a range and is now looking to move to targets of 145 and then 175 in medium term. Good to keep a stop loss levels of 123 ( SL1) and 115 (SL2). Analysis for own knowledge only.
Tata motors has crossed the critical barrier zone of 193-211. Now the target 1 is 280, target 2 is 320 . Resistance strong resistance will be encountered in 300- 320 Zone. If we get a fall, 200-210 will act as a strong support.