NBCC1) 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
Construction
HCC: SELL @ 30.35 Stop-Loss of 31.25 Tgt1@29 Tgt2@25.8HCC 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
Bearish Bat Formation on GMR InfraThere 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 research before trading.
