Observing Reliance Ind Since long time. It was oversold according to RSI few days ago and just got out of the overbought Zone, while this period, it was following trend lines, I am observing a fall as it has broken lower trend line. Management is trying to raise fund through different Strategies, But now it is time should see some downfall and create great long...
As banking sector is in tremendous pressure due to possibility of high NPAs & Poor Asset quality. Here is an example of Kotak Mahindra Bank showing Bearish Flag Pattern and recent breakout. I believe it has not much to suffer due to it's Strong fundamentals, According to my analysis I will predict it's Low around and above 1000.