My view on Nifty, Banknifty and the top stocks ahead of Fed meet and the long weekend! Happy Diwali, everyone. Hope you learn a lot and take a good rest from the markets for a fresh perspective.
1. making lower low lower high
2. Negative Divergance in RSI
3. Trading belwo breakout level
4. now at important support once this fail and swing low broke can go down
there is a triangle consolidation in reliance on 5 min chart styrong buy for reliance which will also carry nifty what are your views on these @ANILSINGHVI
Looking bullish for near term, ofcourse there will be a small pull back due to vertical rise of the past few weeks.
Will update the same during the weeks
Reliance may retrace back for sometime. But if the current price behaviour is kind of climax buying, we can expect a gap up on 11th and price may stay sideways for few weeks. We will know whether Reliance is at its climax or for retracement from the price behavior next week.
First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Nifty 50 : Trend is down on short term - Sell on rise.( See video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade
RIL - Reliance Weekly Chart
- BO retested & confirmed successfully, may proceed towards target of 2900. (Positional view)
Note: This is only for educational purpose, not a recommendation.
Reliance industries if stays above 2400-2450 by the end of this week, then it can give a decent up move till 2700-2800(swing basis) and 3000(positional basis)
