Shortsetup
Gail Seems Weak SELL Gail around 98.80 (cmp) For Tgt 92 and Stop loss 102 ( Disclaimer: This is my personal view not an Investment advice )
(Positional trade)
Hindalco Seems weakSell around 151 Target 149.5 Stoploss 152 (Disclaimer: This is my Personal view not an investment advice)
Bank Nifty Positional Trade SetupSell Bank Nifty June Future Positional ~ 20650, 20700, Stop ~ 21150, Target ~ 18700, 18000
Nifty Positional Trade SetupNifty Currently Trade Below 100 ~ EMA, Positional Sell June Future ~ 9955, 10050, Stop ~ 10180, Target ~ 9300, 9000
Looks Like Reliance Can Use a Minor CorrectionAs visible on the chart reliance is showing a bearish divergence on RSI and if it breaks the trendline it can test its 50 Day MA which is alongside the lower bollinger band.
STAR LOOKS WEEK | Add it to your Watch ListMany pharma stocks looking week from few days. Lets focus on STAR.
STAR below 400 looks bearish but Let it break the 395 level.
If it breaks that line with good volume then we can see the target of
Target1- 389
Target2- 379
Target3- 364
Mark this level on your chart!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!
Ultra Tech Cement - Head and Shoulders Pattern - Short Setup As shown in charts, nice pullback can be seen, tomorrow can short for intraday
EUR USD SHORT As we can see there was a big spike to the upside at a previous resistance level which was meant to take out retail stop losses and collect all the orders to push the price down, another confluence is the price was at 1.13850 which is a psychological level. You can wait for a retest into that zone or take an aggressive entry right at the candle close. This could be a retracement in an over all uptrend until it breaks the recent structure but the trade is already 80 pips in our favor and you can start trailing the stoploss.
Coal IndiaCoal India is in a longterm bearish trend.
Trading near-daily resistance i.e. around 150
Positional traders can short with a stop-loss of 2-3 points and target of 20-25 points.
Intraday players can look for various shorting opportunities as long as coal India is below 150
BPCL: Chart view & strategyBPCL
CMP 350.5
- the stock has taken resistance exactly at 76.4% retracement at 355 odd levels
- given the set up one may consider to 370 Call option currently at 12
Lot size 1800
Max profit potential Rs 21600/- per lot (yield potential of 8% til 25 June)
In built loss protection for a rise up to 382 in spot price
Take care & safe trading.
Lupin short @925LUPIN
Lupin following a channel and heading towards the resistance area. Expecting a bounce back from the resistance.
CMP : 910.15
Entry Price : 925
Stop-loss : 930
first Target : 890
second target : 894
Good Candidate to ShortPrice falling right from 50% retracement, doji on daily. Can be sold between 130-131 with s/l 134 and target 118. R:R is more than 3:1
21014-73 key level to watch20590-30 another level to watch
expecting downside
week rally to up can be used to short the index
yesterdays fall was with good momentum
week rally seen with compression to upside
INFRATEL - SHORT below 220 INFRATEL is currently at strong resistance level.
Incase if breaks 220 levels, we can see furtehr downside.
Below 220 - > targets of 217/212/209/206
Add to watch list & trade as per trend.
Amaraja Battery, Short Sell CandidateAs shown in charts
1) Currently trading Near Monthly Resistance
2) Inside Candle Formed
3) Negative Divergence Spotted
If breaks 609, One can wait for target of 580 or more
