1) Completion of elliot wave
2) Strong Volume near last wave
3) Break of trendline
4) Company performance has been strong with good order inflow -- co got derated due to lag in revenue booking and increase in cost of capital
HCC has broken with greater volumes on NSE below Ichimoku Cloud and with bearish indicators setup.
SELL HCC at 30.35 with Stop-loss of 31.25 and Target1@29 and Target2 @ 25.80
There seems to be a potential Bearish Bat formation on NSE:GMRINFRA on the daily charts.
A short can be initiated at 13.88
Target 1: 12.48
Target 2; 11.65
Stop: 14.52
Please Note: The lot size for futures of this stock is 45,000 units.
Disclaimer: The chart is only for educational purposes and in no way a recommendation to trade. Please conduct your own...
