Breakdown was Already Expected
From High 526 Now Low 494
still expecting fall till 486-478-465
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Jubilant might see some bounce back to 1400 level before moving towards lower levels.
Possible short near 1400 level for a target of 1318, 1248, 1223, 1177, 1037 & below
Use stop loss above 1440
For short term Long position target around 1400, with stop loss for 1248 or so.
Preferred strategy Short on rise
NSE: RNAM Oversold towards 113.
Falling since beginning, with group company bankrupt, effect might be seen on this stock.
Very oversold. Short bounce back is expected, but will not last long
Price might be pushed towards 113 if consistent close below 134 level on daily chart happens
Broke down from the triangle . Chart is very weak.
Sell off on news. Will not stop until company come with positive news on accounting
More pain on charts. Sell on rallies
Though company is good, news are bad.
NSE: Vedanta below 159 can hit 116 or lower to 90
Company fundamentals and growth vision is good.
Current sell off is due to a news related to Anglo American Plc stake buy.
That doesn't justify the cause why purchase?
Given this scenario below 159 stock might fall to 116 or 90 levels.
131 level is one of the long term support level.
Until company come forward...
NSE: ICICIBank Short for 305 or lower
Chart suggests opportunity to short ICICIBank at current level with stop loss of 382
Target insight 334, 320 & 305 or lower
Use stop loss as volatility in the market will be high in coming days
NSE: BANK Of Baroda Possible downside below 115
Stock is trying pull back from low of 90 on Oct 11.
Crossed 61.8 Fibo level from Sept 3, high @ 156
1 Year trend is negative, Pullback is loosing momentum.
Possible short below 115 for a target of 105 below
Stop loss on closing basis 123.
Close above 123 level will continue momentum on upside. 123 level is strong...
NSE: JustDial Dialing Breakdown below 459 to 410
Brief 1 year price range consolidation 640 to 360, price oscillating between this range
Chart is showing weakness built up. Triangle formation shown bearish move.
One can initiate Short at current level @ 476 with stop loss 498/512 for a target of 459, 410.
Break below 410 can push price further to 370.
BnF looks like it just broke the support of the small channel that was made between 27120 and 27180.
See the first two candles and decide whether to go long or short. The Risk-Reward in short is much better than long side. So, i go for Short.
If it breaks 27090, on the 10 min candle, gap filling followed by fresh shorts (In the volatile market that we have, with...