Analysis - July 1, 2020

DISCLAIMER : THIS IS A BLOG TO TRACK MY PERSONAL ANALYSIS. SHARING IT FOR EDUCATIONAL PURPOSE ONLY. I AM NOT SUGGESTING A TRADE BASED ON THE LEVELS GIVEN HERE

Reliance Industries

Breached the 1700 level for the first time intraday and quickly regained. As long as the big green candle is held, it is a buy on dips. If the level's of 1660 is given up, we can get bearish.

Intraday Levels:

Buy above:

1700 - Target 1720/1740

1740 - Target 1760/1780

Sell Below:

1720 - Target 1700/1690

1690 - Target 1680/1670

Bharti Airtel

Exactly reversed from the channel high at 576 as suggested and there was a good sell-off. There is a possibility to test 550 before a bounce again.

Intraday levels:

Buy Above :

560 - Target 566/572/578

550 - Target 560

Sell Below :

560 - Target 558/550

550 - Target 546/541/537

LIC Housing Finance

A good first session and then a sell of to form an inverted hammer candle on the daily. Will there be a bounce back ?

Intraday Levels:

Buy above:

265 - Target 270

270 - Target 275/279

Sell Below:

270 - Target 265

265 - Target 260/251

HDFC Bank