Last time when stock was at 181 we suggested to sell above 182 for target of 139
After recommendation, the stock made a high of 182.90 and low of 136.70
Currently the setup suggests 170-172 may act as resistance and inability to sustain at current levels will take DLF down again...
Wipro has been in a downward spiral for the last couple of weeks. The stock has formed a pennant formation on the 60min chart with the price approaching the 3rd touch of the pattern which indicates pattern completion. Sellers should observe the zone marked on the chart and look to initiate short positions if we see any pinbar or engulfing candle in this area....
Wait for TAIL & excess at a value high to short this stock.
Your target 1430 and above it, expected excess with tail 1455 nearby for short seller eye.
For observing minutely, you will find every time tail when U-Turn. Important is tail for trade on this stock.
MUTHOOTFIN (Muthoot Finance Ltd) SELL BELOW 623
Stock has been range bound for many days. Today it has given the breakout in the downward direction. So breaking the lower trendline, can lead to more fall in stock's trends.
There is excess which i alway prefer to trade. An excess is at value high therefore i suggest you to short this stock at higher level such as 680 nearby.
This is holding call for 10-17 days for target 638-607.