INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 24, 2018) DIVIS LAB SELL BELOW 1240
INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 24, 2018) JUBLFOOD SELL BELOW 1180
Sell CE above 345 (till 340 is breached) Sell PE below 325 (till 330 is breached)
MARICO has sold today with slightly larger volumes on NSE signifying a sell in MARICO around 302.10 with Stop-loss of 304.30 and TGT of 298.55
It has been observed that the price action is forming lower lows and trending down. Now, it shall further dip down to previous support zone. T1- 284 T2- 276 SL 300
The stock continues to be under pressure and the rally shows that it has reached a Fibonacci cluster confluence of resistances as can be seen on the charts. So one should look at some intraday shorts as dips towards 355 is very much on the cards. The rally towards 371-374 can also be used for shorting as markets are showing some pressure today and this stock could...
It is been observed that the price action on daily chart, firstly breakout from a downtrending channel, indicating bullishness. It did go up and now it is facing a high selling pressure at the resistance between 205-210 levels, which may correct the price action to 195 levels where again a heavy buying can been seen. Target: 195 Stoploss: 211