Weekly Targets - Key Stocks - December 7th to 11th
Here is the summary of our weekly picks for December 7th to December 11th: Notes: SL: Intraday Stop Loss should be set as 15 minutes candle closing above / below the Stop Loss Level Active On: Watch closely the direction change in prices at these levels. <>: Make or break levels and results in trade in the direction the price moves from this levels Now let us analyse some of the recommendations for the week in detail with their weekly technical levels: 1. Reliance Here is the hourly chart of Reliance Industries with trend lines: As you can see since touching the lows of 1835 in November, Reliance has been taking support at the red trend line. On the upper side, since last week of November, Reliance has been able to cross the levels of 1985 on closing basis which is also the top side of the three Doji formation Reliance made during this period. Therefore, any upside move can be expected in Reliance only when it crosses 1985 on closing basis. Untill then, a s...