rajivghosalkar

rajivghosalkar Updated 

Lupin is stuck up in a triangle ( as marked in the chart). It has hit the long term trendline resistance, where D wave seems to be completed. Other reasons - Daily chart RSI showing negative divergence. Candlestick pattern has created a Dark Cloud. A close below 990 will take Lupin below 900 in days to come.

rajivghosalkar Updated 

We can see a target of 1371 by 25th August , as Reliance has formed a terminal impulse pattern. A reversal is expected anytime soon. RSI is showing negative divergence on Daily and hourly charts as well.