SHREE CEMENT has more likely formed a top for a long time to come
clear negativ divergence and any break below the channel at the top which looks like distrubution is going to correct bigg.
3m India which has been rock solid in the downfall, it seem now stock is ready for correction as the MACD histogram is still in negative territory and also stock not only gone below long term moving average but broken the trend line. it seems stock is heading towards below 14500...
Nifty closed below it’s demand zone @ 81120-8165. Once it sustains below this zone on Tuesday then it may test its next demand zone @ 7750-7050.
Carried short position in option because it will get the benefit of 3 days time decay.
Nifty closed below its demand zone @ 81120-8165. Once it sustains below this zone on Tuesday then it may test its next demand zone @ 7750-7050.
Carried short position in option because it will get the benefit of 3 days time decay.
tgram a t swapniltradingroom
