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
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 entering late but ...
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.
Technically, candlesticks in 1 hour chart shows double top pattern and evening star.
Also negative divergence strongly indicates that price may go down tomorrow.
Sell CMP - Rs. 967
Target - Rs. 952
Stoploss - Rs. 977.85
Minimum Risk Target could be 1:1.
You could cover your position and wait for triple top again in 2-3 days.
