Reliance the Poster Boy has been under bear hammering from past few days. Stock is breaking its important support levels inspite many positive triggers of BP deal.
Technically Stock is very week and currently trading trading its 52 Week Low.
Sell below 821 Tgt 813 and 795
For Sell Rise its an Ideal Candidate with sl 860 for Short term Perspective.
Axis Bank made a blockbuster moves after its excellent earnings declared. Stock was able to cross its 200 DMA and close over its for 2 days in a row which is positive for the stock. Stock also gave breakout around 1340 levels and closed above it.
Technically Gaps are always gets filled and provide excellent trade opportunity.
Axis if it breaks 1346 tomorrow it will fill the gap area 1340-46 and if it able to protect the Breakout level of 1340 will continue its upmove.
Sell below 1346 Tgt 1340,1334 and 1322