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Sell if crosses below 367 TGT 1 - 360 TGT 2 - 352 SL - 378
RSI is in overbought zone and trying to cross 70 This is also supported by MACD crossover It has resistance at 620, sell if it crosses below 600 for target of TGT 1 - 580 TGT 2 - 550 SL - 635
Reliance Industries which in the past 3-4 days has increase by 3-4 % continuously due to its excellent quarterly results. But the security is overbought in the market. Stock price has crossed the upper risk band, volume oscillator is decreasing and RSI has gone in the overbought zone. Last but not the least stock has given a doji candlestick on last trading day....
long-legged doji + rsi showing overbought--> short call target--> 527. sl-->542
having a strong resistance at 0.95835(yellow line) + overbought condition ---> confirm a trend change go short ...
This is daily chart of BEML on NSE (INDIA) with CMP @ 700.45. It seems to be a good shorting opportunity based on following observations: 1. It is downtrend and price is still trading below SMA200/SMA100. 2. A trendline drawn on the chart shows resistances where price rejections are shown by arrow. Now again, price has tested this trendline and also SMA100 and...
SHORT SWING TRADE IN RELIANCE NOTE:TYRING TO CATCH PROFIT BOOKING AND 1320 WAS A STRONG RESISTANCE BEFORE SPILT RISK CAUTION I AM FULL TIME TRADER AND RISK TAKER THIS TRADE IS NOT TO DETERMINE THE TREND SHORTING RELIANCE DUE TO RSI TOUCHING 80 LEVELS ON DAILY AND WEEKLY CHART SHORT @1319 STOP@1330 TARGET@1300 LOT:1000 QTY:2
SHORT SWING TRADE IN PETRONET AUGUST FUTURES SHORT@230 STOP@233 TARGET@223.5 LOT:3000 QTY:!
The share has increased from 1900 to 2400 in the past 1.5 month (i.e. a whopping growth of 30%+) SHORT BELOW 2270 The share is primarily because of below mentioned reasons : 1. Broke trend line which indicates fall. 2. Crucial Fibonacci Support at 2228. If it breaks, Free fall. 3. Reversed from overbought levels as per Stochastic Oscillator, due correction...
Short BIOCON 1. Share recently broke its crucial Fibo Support at 628. 2. Bear Flag Pattern 3. Stochastic Indicator showing reversal from overbought scenario 4. Share also tried to break 23.6% fibo support, however was not able to sustain it.
I AGREE tha the stock is fundamentally good but technically i see a slide ..though little not more than 20 % which will be a good opportunity to buy for long term!
AVOID long unless closing above 9709 (unlikely), indicators are set for short. A break of trendline followed by negative MACD crossover could lead to a correction. Was thinking of going for a 9800 CE SELL and 9200 CE BUY? any opinion? P.S: I'm very new to options.
Gujarat Fluorochem may start fall from this region.. Reason 1: It is showing negative divergance in daily charts which indicates for being cautious.. Reason 2 : In weekly charts it is Highly overbought (RSI 80) which confirms it may go downwards... Its Targets are : Target 1 : 770 Target 2 : 760 Target 3 : 750 SL : 788 Note: Do your own study...
DCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded. The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here. 3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most...