Sensex
Will reliance break ATH?Reliance after getting huge foreign investments also failed to break high of 1620, and still is trading below the long term bullish trend as you an ins the chart trading below diagonal line, this shows the bearishness of Reliance. Once can short reliance as per the targets mentioned in the charts . Longs only above All time high of 1620.
Has #TECHM made first Higher Low? If so, big move ahead possibly - Huge Weekly Supporting Trendline
- After Selling pressure, the stock entered consolidation zone.
- Big volumes came in to this consolidation suggesting that it was accumulation.
- Seems to have made the FIRST HIGHER LOW
- Observing HIGHs & LOWs on lower Time Frame to time the Entry.
- Any dip appears to be a BUY
- Buying here could mean buying at the beginning of new Uptrend.
- After Entry, you could consider trailing Stop Loss With EMAs (I use an EMA rainbow) on a smaller swing time frame (I trade 30 min).
All the best!!
6R Opportunity; Buy Zone Marked on Chart- Break of Down Trendline (forming a falling wedge in the end) indicating that Selling pressure has subsided.
- RSI showing Double Bullish Divergence is another indication.
- The last gap down opening was filled by a close above it.
- A Retrace to the marked Buy Zone is a buy.
Indian Oil Corp Price at monthly trend linepink line is monthly support around 70 rupees.
it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.)
no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract about to expire and negative price hit. but yes until pandemic is not over oil will go dip