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Profittaking

INTRADAY JSWSTEEL SHORTThis is a simple strategy using the trendline. The price moved up steeply and has not seen a strong correction. The trendline was broken and the price tried moving upwards for a last kiss and was rejected from under the trendline. This is an intraday idea, which can be moved to a positional play considering the negativity in the market. There is a strong chance that the market opens gap down and majority of the trade is already over. Hence, only enter the trade if the price opens flat at yesterday's close level. The stoploss is a little wide, due to the volatility, but risk can be reduced once the price moves lower in our favor. The levels are explained on the chart.
NSE:JSWSTEEL1!Short
by ArcherDAVIS
PRESTIGE ESTATES LONGA classic correction pattern on a bullish run. The price has moved above the narrow range, and will test the highs again, before moving further up. Buy @ 212.95 SL @ 203 Target @ 245. Personally holding this position.
NSE:PRESTIGELong
by ArcherDAVIS
Updated
EMAMI LTD.The RSI reading indicates that the stock is at a near term resistance and could see some downside. There have been strong significant green bars and may see some correction or possibly a reversal. A correction and profit taking can be observed around levels of 199, if it breaks down further then that could indicate reversal around 178 levels.
NSE:EMAMILTDShort
by ArcherDAVIS
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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