I have posted the same chart earlier marking the bottom. I think, Reliance should at least touch 2160 from here within next week. If It crosses, 2170 and sustains, we will see 2300 soon.
Nifty is currently in NTZ (No Trade Zone) Nifty Long only above 12020 Nifty Short below 11660
Have marked some levels for trading. If it sustains a level, next level can be achieved. Levels are for both long and short.
Reliance can touch 1787 before bouncing again. Its a attractive long term buy at this price as well.
Lupin is going up from the support levels and has results tomorrow to be declared. It would be a bull run upside.
Bank Nifty is looking bullish and breaking the harmonic defined levels. This can be operator based move as financial markets are moving up, despite of Global weakness and Stimulus talks revoked (US). I have done a comprehensive study and derived the new levels. Though, Going short in this market is highly risky, but here are no gains with no pains. For October...
Posted the same chart yesterday and it got Dot reversal from our Harmonic Levels. There is RSI divergence as well and we expect it to fall till 21000 in coming week.
Detailed Levels for IndusInd Bank
Short at start of trading day if you find a Red candle for first 15 minutes
Nifty is a clear short at 11550
Important Levels for Bank Nifty
HCL Technologies looks good for short term long