Shortsetup
HIGH PROBABILITY TRADE SET-UP IN HIMADRI SPECIALITYStock is trading in a zone near the all-time high price, which will most probably be going to act as a supply zone. Also stock has rallied almost 55-60% in one month and we can expect a price correction of 25%. In addition, these RSI values have given a clear divergence. So I'm expecting a fall in price in the coming days. Enter trade if the price closes below 81 with an SL at 86.5 and targets are mentioned on the chart. This is just my observation. Do your own analysis before making any financial decision.
NSE:HSCL
Adani Ent Short Setup 05July2022Adani Ent is nearing completing its B Wave which could be around 78.6 Fib level around 2300 or so levels. That means one more push up towards 2300 to 2325 where I would enter my short position with stop above 2425 and look for targets of around 1800 to 1750. This is a nice risk-reward trade if it works out well.
Hero news simplifiedHero launched some models in Turkey, and appreciated 8 percent in stock spot price.
However, hero motor export figures are next to nothing. Just about 20000 units.
Move is disproportionate, sell CE (call option) of 2700s toward 2585(200DMA level), and then 2500.
Hero has tried to find solace at 200 DMA, in recent times.
Hero stock price is expensive, given this market. Not to mention prices of several other auto nifty movers as well.
In other news, Hero is going to raise it's two-wheeler prices by (upto) 3,000/- next month.
Increasing product price gives hero less of a price edge over other competitors. Keep in mind Hero sale figures are still lower than pre-covid levels (66% sale figures, or two-months-out-of-three in this quarter are out already—and sales are below pre-covid levels).
Demand is down.
Hero can rest at 2500, 2350 could be considered a buy price.
Wyckoff distribution of Deepak Nitrate This scrip is highly overvalued, and fair value is around 888 (personal view after deliberating fundamentals). Currently, Wyckoff distribution is playing out, and further downside is expected.
Fundamentally, scrip is strong, but it is highly overvalued due to excess liquidity. With each interest rate hikes, the fair value, which is 55% of the highs of pre-covid level may become available with squeez in liquidity. At 1850 it is appx 225% of the pre-covid highs, insanely high!
Technically, it is under-pressure, and further pain can be expected in distributive manner, until a fair value is achieved.
For further information, look at the chart. It is self-explanatory!
Disclaimer: For educational purpose. Consult your financial advisor before investing.
#StockMarket #StockIdeas #StocktoWatch #ShortIdeasMetropolis Healthcare || Shorting Idea ||
Stock very week and in daily chart give major breakdown below its support level and also with good volume
On weekly chart also stock trading at its major support level and looks week
But stock may be show little upside move as it already shown red candle back to back
So in case stock moves upward then 1800 will act as strong resistance and then downfall can be anticipated from there.
In such case, if it takes rejection from 1800, short below 1790.
In case of gapup, wait for rejection from 1800 levels.
And if gapdown then avoid setup.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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