HDFC AMC, Short Sell, Target 1 - 2500, Target 2 - 2350It has broken a weekly and a daily support. After the breakdown, support acted as a resistance and now has taken a continuation towards the south. Short build up is also visible. Supported by the selling in the overall market, this could be have a good downside potential.
Best of luck :)
Shortposition
Sbilife Trade Setup For tomorrow (short)Sbilife is making a good price action a good downward momentum stock give the correction.
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Now stock is testing 1150 levels, so for tomorrow if stock goes below 1150 you can sell this trade.
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Target would be around 1125.
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What's your view on this comment below in the box.
POLYCAB TRADE SETUP FOR TOMORROWAs you can see in the chart stock touch the 275 two times and then break the support in the past.
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Again stock is trying to repeat history, POLYCAB two times touched the level 275.
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So for tomorrow if stock goes up and then again make a red candle you can short this trade for the target of 2335.
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What's your view on this comment below in the box
Short Fortis HealthFortis Health
NSE:FORTIS
Cmp - 242
Stop - 285 on DCB
Expectation -
T1 - 200
T2 - Wait, Review at 200
Expected Holding Period - 100 trading days or earlier for T1
View:- Positional Exit
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Equitas Heading down - Target of 45 in few trading sessionEquitas has given a Positional short signal basis the Convergence of Rising Vixfix and Declining OBV. It is a Positional Short - Target of 45, I would enter via Theta Neutral Bear Put Spread
TCS seems to be weak ahead of budget !!TCS seems to be bearish as it has already broken
The support 1 at 2106
Now There are two more supports that can also be broken
Support 2 at 2059
Support 3 at 2033
Today the market will be more volatile than usual because of budget so trade very carefully !!
Entry 2075
Stop Loss 2095
Target 2035
Also The RSI seems to go even down because the supply zone has tremendously increased
Also the price has gone down below the lower band of Bollinger Band !!
Indraprastha Gas Ltd - IGL - Potential upside from 413 to 440Here, i think that there is a potential upside in IGL (Short position) - 12 Days.
The price currently is Rs.413 and i expect that by 24th January 2020, the price should touch Rs.440
The trendline has been strong for IGL.
If you open the daily chart of IGL, you'll notice that there has been a good support to upward movement.
Disclaimer- These are my personal views and not a trading advice. Do your research before trading or investing. I/we are not liable for any loss that may occur. Trading involves high risk and should be done cautiously. (Also, enjoy the process, with every Gain/ (Loss), you get some insights which should be analyzed in detail and taken a note of. Let's grow together as a community and spread knowledge.