RELIANCE
BANK NIFTY (9th MAY)Before day the market has almost touched the Resistance at 33300 and backed down finally at the end the market broke the trendline driving downwards, There might be a chance for the market to breakdown and fall The new support is at 32689 and the resistance is the same level at 33300
Reliance - 1D - Inverse HNS Pattern - Looks DangerousThis is a perfect HNS pattern forming in 1 Day Time-frame in the Reliance chart. Volumes are also reducing. Let's hope the Bulls come into action.
Any daily closing below 1970 will confirm the breakdown.
Possible Targets - 1930, 1900.
Daily closing below 1900 might create panic selling!