Shortsetup
Intraday Short: Looks extremely weakIntraday Short: Looks extremely weak, we can enter once price breaks down from the box. Or if it pulls back to 65.80 we can enter at that level.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
PEL - Return of Bears ( Bearish Gravestone Doji Candlestick)PEL is a fundamentally weak stock with alarming PE of 380. It has been observed from the technical chart that the price action is forming lower highs with bearish candlestick patterns, indicating bears hold on every rise. Today, we have observed a bearish gravestone doji pattern after last day bullish candles, indicating the return of bears that may now take prices further down and we may observe healthy correction in the stock.
T1- 1240 T2 - 1180 SL-1360 (estimation as per spot prices)
SRTRANSFIN Short IdeaGave Trendline Breakdown , weakness below S1 626 levels and S2 620 levels
View Negates above 645