If the channel support trendline breaks.. sell Reliance for Targets of 1856 SL 1960 CLBS
Long term Buy above 182 for targets of 252/353/383 & 448 SL 146-156 CLBS
Head & Shoulder pattern Short trade at 23576 for target of 23400 intraday (Risk reward = 1.5 with SL above 23821 CLBS) Final target of 23001 till expiry 15/10/2020 Only for education purpose
BANKNIFTY RAUNNING IN A PARALLEL CHANNEL. BANKNIFTY SHORT INTRADAY OR BY MONDAY TO GET THE TARGETS OF 23000 & BELOW IF CHANNEL BROKEN TARGETS OF 24129 & ABOVE CAN BE SEEN (CHANCES OF IT IS VERY LOW)
Downside Targets : 10562 & 10297 Upside 10889 & 10987 If breakout of 11000 with volume, nifty will enter the wedge again and can move to 11400 before another down slide.
TOMORROW NIFTY MAY TEST LEVELS OF 11109. IF IT HOLDS AND MOVE UP IT MAY KISS 11500 LEVELS OTHERWISE GATES ARE OPEN FOR 10800 LEVELS AS PER RSI, THERE WILL BE RISE OF AROUND 50-100 POINTS BEFORE DROPPING AGAIN TO 11109 LEVELS DISCLAIMER: TRADE AS PER YOUR OWN UNDERSTANDING