ONGC is a consecutive downtrend on NSE lost around 2.6% with 2x its average volumes traded on NSE. SELL @ 144.4 STOP @ 152.5 TARG @ 125.3
MGL sell Below 834.60 Stoploss - 855 Target - 756 Risk - 2.42% & Reward 9.42% RR Ratio 1 : 3.90 Reversal or Continuation Pattern Rising Wedge Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a...
INTRA-DAY SHORT IN HAVELLS HOURLY CHART FORMED A DOUBLE TOP A CLOSE BELOW 669 ON HOURLY CHART WILL ENSURE RANGE BEWTWEEN 670 TO 685 IS BROKEN NOV FUT SHORT@669 STOP@674 TARGET@660 LOT:1000 QTY:2
This is daily chart of BEML on NSE (INDIA) with CMP @ 700.45. It seems to be a good shorting opportunity based on following observations: 1. It is downtrend and price is still trading below SMA200/SMA100. 2. A trendline drawn on the chart shows resistances where price rejections are shown by arrow. Now again, price has tested this trendline and also SMA100 and...
HindUNILvr appears to have completed an Impulse and a three wave correction. It is now likely heading to 1280 levels. This is a long term Multiweek Projection. It is very unikely we will see any upside on HINDUNILVR in the next few days and weeks
CONCOR: SELL at 635 SL 642 Target of 615
It seems like the stock has given breakdown from leg pattern or symmetrical triangle...
Book profit in NBCC if you are long in NBCC and make fresh short positon in NBCC at 65 to 67 with SL of 69.4 with target of 62 60
CGPOWER is on a downward projectile. Wait for level of 38 and Short CGPOWER only around 38 with Stop-loss of 40 (on closing basis) and Target of 30.50 Expecting CGPOWER to get in to short covering rally starting tomorrow. Wait for the level to come in.
UJJIVAN has gaped down with sell in huge volumes. Its a breakdown from previous 52W lows. Sell UJJIVAN UJJIVAN only around 198 with Stop loss of 217 and Target of 166.
Short to CMP for target of 87 and then 75, Its forming a bearish trend and indicators show that there might be a big fall for the coming week.
Bajaj finance has had one of the best bull runs i have witnessed in the last few years, The stock has broken into new highs and there doesnt seem to be a stop on the horrizon for this stock or is it coming. Fundamentaly company is great and has had excellent earnings but that doesnt say much in terms of Stock Price. It is trading at over 58 P/E multiples and the...
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...
Double Top has formed. But it is yet to break neck line. Wait for it to break neck line and if 1 day candle closes below 8313, then short Maruti Suzuki. Target 7750.
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