no rocket science. it seems weak, and there is a night after day
this trade is based on past performance and common psychology of traders "always remember stock market is always risky, you have to calculate your risk before calculate profit"
ZEEL (Zee Entertainment Enterprises Limited) SELL BELOW 447
ZEEL (Zee Entertainment Enterprises Limited) SELL BELOW 447
DIVISLAB (Divi's Laboratories Ltd) SELL BELOW 1662
VEDL (Vedanta Ltd) SELL BELOW 171.2
We have a good pattern of head and shoulder on hindustan uniliver which is broken with a good volume. One can go short here here and look for target i have on image above.
as you can see in chart, we are looking for sell
if you look carefully youwill notice that, stoock is moving in a range, so this is best entry according to me, every trade has risk thats why we put stop loss to
Moving in channel, MACD crossover TGT 1 - 1090 TGT 2 - 1060 SL - 1180
it looks like market is now exhausted, and and likely to fall down at least 50 % of recent total gain. so it's advisable to look for sell opportunity
MACD crossover, rsi falling below 75, stock closing below 8, 13 and 21 ema.. It has also reached the Fibonacci level of 78.6% and is likely to reach 50% level A good stock to short for a target of TGT 1 - 205 TGT 2 - 200 SL - 223
KOTAKBANK (Kotak Mahindra Bank Ltd) SELL BELOW 1210