ASHOKLEY is breaking out after ages.
A print of 202 have indicated upside price target of 290 in medium term here.
it has given a multi-pattern breakout  which theoreticaly have opened significantly higher targets for long term investors!

for short term stock is slightly overheated  so it could give a pullback towards 192 but that pullback should be utilize to add positions for pattern target objectives of 223 in next few days  and 247 in next few weeks!
Prefer cash over futures to minimise risk!

AMBUJA,CEMENTS have its results due on 1st,MAY before that STOCK is in a strong shape,
Technicaly a print of 641 would put it in a fresh orbit for further upsides!

Once it gets above 641 VIBRATION PATTERN would indicate targets of 677 and 717 on cash in coming days.
TIME wise 25th,APRIL was a key CYCLE DATE so a daily close above 25th,high would insure much higher levels in near future!

RELIANCE INDUSTRIES would come up with quarterly results today evening.
So let’s understand its technical setup before todays critical event!

According to time studies  the high registered here on 4th,march at 3024 seems a complete high  so i wont expect a fresh higher high here in near future.
TIME wise 23rd and 24th,APRIL  are going to be very critical annual time cycle dates as i posted in my sundays post, hens irrespective of how results are,, I would expect stock to stay under pressure during next 2,days  and specially on 24th,APRIL!

On PRICE front zone of 2880-2910 is a near term pattern support.
Once it breaks we could see a drop towards the MARCH low of 2825 and once that also breaks next potential target on downside would be 2730 on cash.
for slightly medium term I am expecting stock to drop below January low!

so whats the trade here?

An easy trade would be to short MAY future and hedge that with an OTM call.


or wait for support zone to break here which is at 2880 if 2880 is breaking then go for ATM puts on long side!