Reliance Pullback Ahead?
Post date: 16 May 2022
On the higher tf charts, the stock shows more fall in the comings weeks and months. But as per the short-term price and time structure, a 3-4% pullback can happen soon. And an EOD close above 2453 (cash) can trigger that. Or Safe traders can wait for a close above the 2490 level.
Note: The above levels are only for study. Not Buy/Sell advice.
Indices Breakout Point for over 5% Upside…
Post date: 23 May 2022
Both the Indices Nifty and Bank Nifty are trading near the space resistance point. If Nifty managed to close above the 16460 and Bank Nifty above 34900, that would be a breakout for 5%+ upside. But in case both fail to do so, then both will again move lower, and in that case, I will update the levels if I get the time.
𝐍𝐨𝐭𝐞: The above levels are only for study. Not Buy/Sell advice.