Shortsell
ULTRATECH CEMENT - SELL _ TARGET - 7300This is a perfect sell, considering how the overall market is. There is a bearish engulfing candle on the daily chart, signalling bearish reversal. Also a fake breakout and is back in the channel. RSI and MACD is also signalling weakness.
Risk to Reward is also favourable.
Best of luck :)
Motherson sumi for short sellTrade based:
Weekly sideways.
Hr tf if market break the support then we can expect a fall in upcoming days. (either it can retest or not)
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 :)
Tech Mahindra, 26 May 2021 - Intraday SetupTech Mahindra can be used for a good short set position depending upon the price action. The closing price today (25 May 2021) was at a very interesting point. At 15 min time frame, it closed below 50 EMA but took support from the trend line. Short intraday position can be taken if a 15 min candle closes below the trendline with a target till 200 EMA and stop loss just above the 50 EMA.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
Sell Nifty Futures as its gonna fallNifty fell from a range of 12400 to 7500 almost. It regained upto 9950 (0.5) level in fibonacci retracement, and fall nearly around 8800 and again it regained to 10300 and if it goes above that it may likely to fall from 10450 to 10600 range and nifty will be having a huge fall . So, traders and investors dont take risk now . We may have time to get things right. This is not the low. The low is yet to come.
Adani Enterprise (pennant and Flag pattern in downtrend)Adani Enterprise has given a breakout from pennant in its downtrend meaning the downtrend will continue from here.
CMP: 134.65
Targets are 117 and 112 with Stop loss (152.45),
Target 3: 80, after falling below 112 you should start trailing stop loss strategy to maximize profit.
After reaching 117 revise stop loss to 134 (sell price), than I would suggest to trade keep this with trailing stop loss.
Let me know If you agree with my idea.
How will you identify the reversal on NIFTY?You will need a plan for short selling. Understanding the sellers' and buyer's flow by using volume herein. I am not saying start shorting nifty but, here is clear resistance where profit booking can come. first look past complete search of spot nifty as given below chart.
and
I will plan and update shortly for selling.