Applied Technical Analysis of Stocks.

1.RIL**2.SBI**3.Infosys**4.TataSteel**5.TataMotors**6.IciciBank

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BN, downtrending, breaking below channel again..

A BULL will label it the following way and look for that explosive 5th wave to start soon.
A BEAR would label the "123" as "ABC" and look for retracements to sell for that dreaded 3rd wave down.

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BN likely to face strone resistances with OB readings.

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BN may continue the rally with brief corrections upto 11350.

Follow the trend indicator to have a safe trading.

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BN, being oversold, has commenced a short term bounce holding above 11300.

The resistances are @ 11900-12200 in the coming days if 11300 is held.

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