Reliance Fly or FallIn the daily chart the stock is trading within a channel and making higher high, higher low formation.
The stock is trading near resistance zone and breaking above recent high will take it up to 3000 followed by 3200.
On the flip side 2750 is breakout support zone. Closing below this level will trigger profit booking and maximum potential fall can be up to 2300.
These are bigger level to watch near future.
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RELIANCE
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty retested 17k yet again, and with VIX back above 20, the volatility continues. Bajaj Finance (BAJFINANCE) fell after its results, meaning now the focus is on BAJAJFINSV on how it may move during its earnings. Axis Bank, too, has its results tomorrow. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsRIL and IT stocks were under pressure today, dragging Nifty below 17k. Banks performed a little better despite pressure from PSU banks. Bajaj Finance (BAJFINANCE) has its results tomorrow, so let's see if it shows some wild moves! What are your views?
RELIANCE SHORTReliance forming a double top. We can see a good fall in this for some trading sessions.
As we can see that, the market is in downtrend, it will be good to go short in this stock.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Bank Nifty Intraday StrategyHi Everyone :))
Hope you all are doing good.....
As you all know #Banknifty doesn't give us a good move yesterday over, all banknifty move in range of 36200-36500.
Today is weekly expiry so market will show some good move let's see how to trade.
1. If banknifty give us a good opening and move above the level of 36500 then go for CE till the target of 36900 and if it cross it with good volume then may be banknifty fill the gap and then the target will be 37400......
2. If banknifty give us a breakdown then i'm comfortable to buy PE below the level of 36000 then the target will be 35800 and 35600.
3. If banknifty doesn't give us any breakout or breakdown then as usual buy at support sell at resistance.
That's all for today hope you all like it.
Thank YOU:))
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