The Index makes higher highs and the RSI Indicator forms lower highs indicating a bearish/negative divergence. BANK NIFTY EXPECTED TO HAVE SHARP BEARISH MOVE ONCE IT MOVES BELOW 29,550 . The Index expected to fall before the election result!!!!!!!!!!!
SHORT SELL HINDZINC around 275, SL 285
WOW what a trade !! short sell Biocon with SL of 625 and enjoy a nice fall from here.
Indusindbk 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 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...
Short 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...
After 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...
Short reliance industry Target: 1000 980 960 950 resistance: 1071
Short sell around 1160 to 1190 positionally or you can short on futures and options
HINDALCO looses 3.4% on NSE today with greater than average Volumes and fresh shorts seen on stock. Sell HINDALCO around 202.55 with Stop-loss on closing basis at 206.25 and Target of 190.10
SOUTHBANK is the weakest in Private banks and looks a good shorting candidate. Sell SOUTHBANK at 23.75 with Stop-loss of 24.5 and Target of 22.15
L&TFH has broken down Ichimoku Cloud with good volumes. Sell L&TFH around 154.45 with SL of 156.45 and Target of 149.20
yesbank 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
ORIENTBANK Crashed on NSE close to 11% with Volumes more than 12 times its average and has been below Ichimoku, crossed its recent Resistance level with GAP Down opening an excellent opportunity to go short in the stock. SELL ORIENTBANK Below 92.6 with Stop-loss of 95.05 and Target 1 at 90.3 Target 2 at 87.95 and Target 3 at 85.6
Aggressive traders can enter now (Monday) at around Rs. 20 as the price is re-testing the Neckline . It's also the .382 Fibonacci Retracement of the Right Shoulder . More conservative traders can look to sell around Rs. 21 to get the best price as it is the .618 Fibonacci Retracement of the Right Shoulder . You also get a better Risk : Reward by...
Medium and short degree counts suggest some downside for bank of india. Longer degree counts might disagree. Never the less, it can be looked at for shorting opportunities in short term till the latest daily chart swing high is protected.