Looking at the current market scenario anyone would initiate a short position. But, there are some levels and certain candle formations which gives us a clear picture of the next move. If this stock falls with the current market scenario we may witness 1530 to 1550 levels in this counter. This is a simple example of bearish divergence on RSI. One can see the price making higher highs and the RSI making Lower Highs. Keep this stock on your RADAR. For further short levels, you may message me. Thank you.
Trade active
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1566 today's low!!!
Trade closed manually
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partial profits booked!!! As the FPI meet is today so carrying no positions!!!
Trade closed: target reached
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target done after booking partial profits and high market volatility!!!
this stock is showing a lot of resistance to nifty downmoves and is still maintaining itself . you sure of shorting this stock. i think it is very risky
abhijitgujarathi15
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@ashutoshsinghy2k,
Yes you are right. Its a neutral trade ashutosh. todays low 1555 near to first target. one can book gains here.
a_nilesh
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GREAT prediction Sir....superb
abhijitgujarathi15
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@a_nilesh,
Thank you Nilesh for your appreciation!!!
abhijitgujarathi15
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MACD showing positive on a weekly time frame and negative on a daily time frame. No proper candle formation has yet occurred. So, as of now its a neutral view.