RELIANCE 1149.35
THE KEY RESISTENCE AT 1188
BB suggesting some trend reversal in it and the 1100 is the valid support in the coming days. 1100 is valid one as long as it trades below 1188 levels. 2day it created the possible inverted hammer. But for me the possible level is 1188 levels. Still its trading in the uppertrend channel. Daily CCI is slightly moving into -ve land. And most of the leading indicators are not showing any sort of strength to crack the 1188 levels. I feel before it cracks the 1188 or all time high of 1195 it might try to retest the level of 1100 levels. On the charts it looking the possible Triple Top formation.
THE KEY RESISTENCE AT 1188
BB suggesting some trend reversal in it and the 1100 is the valid support in the coming days. 1100 is valid one as long as it trades below 1188 levels. 2day it created the possible inverted hammer. But for me the possible level is 1188 levels. Still its trading in the uppertrend channel. Daily CCI is slightly moving into -ve land. And most of the leading indicators are not showing any sort of strength to crack the 1188 levels. I feel before it cracks the 1188 or all time high of 1195 it might try to retest the level of 1100 levels. On the charts it looking the possible Triple Top formation.
posted by Naveen Pantera at 8:55 PM
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