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akshay1808
Mar 17, 2018 8:21 AM

Short NCC as per Stochastic Divergence signal! Short

NCC LTDNSE

Description

NSE:NCC should continue with bearish phase next week. Bearish Stochastic divergence along with MACD bearish crossover are strong signals to take a short position on Monday. Sell at opening price (may open on higher side) or wait for price of 124-126 for better sale price entry. Target is of 116.5(T1) and 101.5(T2).

Trade active

Trade at open price of 122.8.

Trade active

Stock reaching towards T1 i.e. 116.5, but with a less momentum

Trade active

Stock reached towards T1 i.e. 116.5. One can book the profit or else aim for T2 i.e. 101.5.

Trade active

Very slow downfall....I guess we need to wait!

Trade closed manually

The trend seems to have changed. Closing this deal at opening price of 122.5. No profit no gain.
Comments
theeye
Akshayji, good short.
akshay1808
@theeye, Thanks Sir!
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