Two most popular names under Modi regime are forming bearish patterns. Obviously we are over 25 days away from results. Maybe there is some smart money play here and this fall is to trigger retailers to sell and they make their long positions here. I have already shared about a possible double top on Nifty. Breakdown is far away. Why I feel this is more of smart money play because markets have fallen in decreasing order on all three poll dates so far. Will not be shocked if we see a pattern. They are active, it's visible as Nifty closed point to point there where it closed yesterday. 0.00 points move. Markets are forward looking but isn't it just too early as elections have just reached halfway mark.
RELIANCE
has broken down and even re-tested, bouncing off a support, will be exciting to see how it next week.
ADANIENT
has also broken down. It is really going to be very exciting to see where these stocks head from here and how will the Nifty perform.
RELIANCE
has broken down and even re-tested, bouncing off a support, will be exciting to see how it next week.
ADANIENT
has also broken down. It is really going to be very exciting to see where these stocks head from here and how will the Nifty perform. 