Reliance fell 2.95 % and made a bearish pattern on the weekly chart. Week’s OHLC were 1303, 1315, 1239 and 1272. On Friday, it rose sharply from week’s low to close near day’s high. I dived deeper into Reliance's whole week performance on multiple timeframes to see whether Friday's rise had any signs of bottom formation or reversal.
On Monday 9 December 2024,...
Friday 13 December 2024
Gift Nifty was showing a 100 points gap down opening for the index. Nifty opened with 50 points gap down and fell 186 points (-0.76%) in the first hour. In the second hour, the index fell another -0.71% to 24180, the day’s low from where the recovery started. The second hour closed with a loss of 74 points (-0.30%) at 24278, just above the...
