Intraday Momentum Index (IMI)
HINDALCO Divergence! Option Trade! Short! Hindalco was bullish in previous week. However, simple pattern seen on daily chart.
Logic for shorting::
1. RSI Divergence indicated it will go down.
2. Head and shoulder pattern - Entry at second shoulder.
3. Short SL (SL :: 507)
Short below 485 level. TGT1 468, TGT2 451+++
Option Buyers :: Buy HINDALCO OCT 460 PE if crosses 16.50 :: SL 14.00 :: TGT 18.50 , 20.20, 21.90 +++ (Trade at your own risk; keep hedging the position.)
Happy Trading :D
OBEROI REALITY LTD. IS IT RIGHT INTRADAY CALL ANALYSE BY ME...? Buy @945-950
1st Target :- 955
2nd Target :- 960
SL :- 941.60
this is not a intraday trade that i am recommanding to you
i am just going through it and i dont know am i right or wrong in this
so please tell me am i right or wrong
WIPRO Intraday Trading Idea looking good to buy if it break previous day high.
WIPRO 700 CE SEP 21
@ 4.90 to 5.10
Stop Loss- 3
TARGET- 7 to 7.50
Kotak Bank AnalysisKotak Mahindra bank is going to mak double top and after that it may retrace as per trendline support and again may go.....
Hindustan Unilever AccumulationThe stock ( NSE:HINDUNILVR ) is in a tight range and is starting to stick to the upper limit of the range. It is an indication of accumulation.
Keep an eye on it. It is also supported by the 50 period moving average.
