Reliance
After a handsome gain price moved in a small range today. The chart looks quite bullish though Oscillators are in the Overbought zone. Ascending Triangle has done well. Thanks to the MARKET.
OI Table: Today bears have written huge quantity at 1240 Calls strike (total 1052000 shares added). So bulls could not push beyond 1232. Bulls are holding the level of 1100 Put strike firmly which gives credence to bullishness.
Let us wait for another chart pattern to form to take a trades with confidence.
OI Table: Today bears have written huge quantity at 1240 Calls strike (total 1052000 shares added). So bulls could not push beyond 1232. Bulls are holding the level of 1100 Put strike firmly which gives credence to bullishness.
Let us wait for another chart pattern to form to take a trades with confidence.
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