RELIANCE
Nifty, Banknifty and top stocks analysis for tomorrow + levelsReliance, HDFC twins and Infy were able to lift the markets fairly well today, but that does not necessarily mean that the bearishness is behind us. All eyes are on ICICI Bank as we could see it being a key performer or dragger in the coming days. What's your view?
RELIANCE : Facing resistance RELIANCE : Facing resistance
After opening today with good volume Reliance is stuck in range.
Reliance getting major resistance to cross 2725-2735. It needs to cross and sustain for further up move.
If it breakdown from here, we may see 2680, 2650
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
#HITECH 560🚀730 #NIFTY #BANKNIFTY #TCS #INFY #TATASTEEL #ITC #I#HITECH
NSE: HITECH CMP 559.30
NSE:HITECH
Target 650 ++ 730 (170)
SL 500 (60)
Return 30%+
RR ratio 3
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Bank nifty long position Hi Everyone ..............
Here are some important levels of #banknifty
As you can see banknifty is trying to break the same level (37900-37400) from many days but can't move above and below the levels so take trade only at support and resistance.
*Also do breakout & breakdown trade for bigger profit.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe bears seemed to be in control today as well. The HDFC twins are back to "jaise the" levels as they are now around the pre-merger announcement prices. Reliance is nearing a support and Infy has neared a decider area, too. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsYesterday, we witnessed a euphoric rise in the indices owing to the news of HDFC twins' merger. Today, we saw price testing lower levels, with Nifty giving up 18k and Banknifty almost giving up 38k. VIX is higher, and Reliance is weaker. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsHDFC Twins have completely changed sentiments today, helping Nifty close above 18k and helping Banknifty gain 1500 points. In this video, let's take a look at why I had a bullish bias and how we could have analyzed this move + do our daily market analysis.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBulls were able to take charge once again, with Nifty holding fairly well around 17.5k. I feel it's an important sign for the overall trend. Reliance did quite well. My view on the market as a whole still remains the same as I feel it's still a little early to comment on whether this positivity can and will sustain. Curious to hear your thoughts as well.