As RIL formed a symmetrical triangle, Long can be executed once the trend line got broken in both RSI and the price chart in upside. And short can be executed similarly vice versa. As the stock shows good bullish trend, we can expect a long trade with a target of 1956 and 1975. Even if the stock broke the trend line downside, it will reverse soon as the RSI...
Index broke its psychological resistance of 14720 in the last minutes of the market indicates some buying pressure. We can execute Long if Nifty manages to stay above 14720 for longer targets. Trail your stoploss based on the Trendlines in RSI. Kindly share your valuable feedback. Disclaimer : Kindly do your own analysis or consult your advisor before taking...
Banknifty remains Bullish till break 32000 in the downside. Levels mentioned here are based on the triangle pattern. Share your valuable feedback Please do your own research before taking any trade. This is for educational purpose only.