Shortsell
Descending Triangle Breakout - Bearish Continuation PatternIndusindbk Short below 1471
Stop-loss 1490
Target 1406
Risk 1.29% And Reward 4.42%
RR Ratio 1: 3.42
Bearish Continuation Pattern
Descending Triangles
In this “flat-bottom” triangle, the bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower.
EQUITAS: SELL at 105.15 SL 113 / 116 Tgt1 at 89 Tgt2 at 61EQUITAS has clearly broken down on NSE with volumes close to 31 times its average trading which gives a clear sell signal. Secondly it has broken the up words trending channel decisively.
EQUITAS qualifies a SELL around 105.15 with Stop loss of 113 and Target of 89. If you are looking for a longer time frame, it can be sold at 105.15 with Stop-loss on closing basis above 116 and Target of 61.
Short Ultra Tech Cement for target of 3600Short for the target of 3600 on 16th October 2018. Today's bearish engulfing pattern on the daily chart suggest that still the bears are in control to the price. But the current price is at the same zone from where the last time it has shown the upward move. The positional and swing traders can wait until we can see the price moving at least 5% above the current level for the fresh buy.
On 16th October 2018, the intraday players can short it for the target of 3600.
Downturn likely to end in UltraTech Cem. Short for target 3600After the cycle of downward movement, the price of Ultratech cement is on the same place from where it has started the rally last time. But the today's Bearish engulfing pattern suggest that still the bears are in control and the price seems to be hovering around the same zone for some time until the bulls try to take the price up for another rally. So, positional and swing traders can hold the breath until we saw price moving at least 5% above the current level. Tomorrow on 16th October, we can see the price tasting the 3600 level. So, intraday players can short it for the target of 3600.
yes bank short sell setup pre marketyesbank cmp 311.85 (eod 15 march) will be initiating short positions in yesbank below 308.75
looking for targets of 302 stoploss will be decided after trade initiation
all prices spot
plz do careful risk analysis before entering trade ----do not over trade , if prices open gap down /near trgts than trade stand cancelled