NIFTY support and resistance

NIFTY SUPPORT AND RESISTANCE

NIFTY Triangle update

NIFTY TRIANGLE

• NIFTY Triangle can give at least 40 points when it breaks out

NIFTY 5 minutes triangle break out

NIFTY 5 MINUTES

• NIFTY triangle break out at 5292
• minimum target of 5312

UPDATED CHART

• NIFTY has not broken the bigger triangle yet.
• keep a stop loss of 5291 for the small triangle break out.

RELIANCE INDUSTRIES falling wedge pattern

RELIANCE INDUSTRIES DAY CHART

• RELIANCE INDUSTRIES is out of a falling wedge pattern.
• stock closed off the highs. Keep stop loss of 1049 for longs
• It may target 1150 resistance region again.