Reliance Industries Ltd
RIL charts are showing a classical example of Support becoming Resistance. If the above chart is seen closely 883 was the breakdown point and this is the point stock is facing resistance now @883
Volumes on lower end near its ressitance and Negative divergence are 2 bearish indicators for the stock.
Moving above 883 will give strength to stock as well as Nifty also.
Buy above 883 Tgt 891 and 900
Sell below 875 Tgt 869,865 and 860
Reliance Infrastructure Limited
RIL is stuck in trading range and volumes have been on lower end.
Breaking 583 with volumes can give a breakout on upside.
Buy above 583 Tgt 589 and 598
HCL tech is forming a triangle breakout formation,Volumes on lower end.
Buy above 510 Tgt 512,516 and 520