The descending triangle is forming on a daily chart which is a bearish pattern. Taking support from the same zone but creating lower highs, support may break in a few days and we can see movement downwards.
Bata India is trading inside the channel and currently, at Resistance level, we saw Indecision at the top. Bears may take control in the upcoming session.
Sell below: 1280
Targets: 1268, 1256, 1244
Reliance is following the channel and again it couldn't break the resistance, it may come to the support and they move upwards.
I am going to sell below 1101, Targets - 1095, 1089, 1083
SL - 1107
Good Luck, Happy Trading!!!
After closing in red for last two days, two BankNifty shown bullish move from it's support and it seems we would see upward move tomorrow.
EMA is also giving confirmation, let's see what happen tomorrow.