HCC has broken with greater volumes on NSE below Ichimoku Cloud and with bearish indicators setup. SELL HCC at 30.35 with Stop-loss of 31.25 and Target1@29 and Target2 @ 25.80
As per daily chart in ICICI BANK Bears phase cycle is on swing with the negative impact of both Fundamentally on sector wise and as well as Technically. But as Fight Continue from Swing high of 307 Bears Attacked on Bulls with Three Consecutive Drag down Round upto 295 levels and Bears have More Power to Beat Bulls to the level 276.50 and more below 262 Levels...
ONGC is in downtrend and with higher volumes on NSE. SELL ONGC at 178.50 with Stop-loss of 184.3 and Target of 170.40
Max Financial can be sold at current market price 434 target of 427 Which is 52 week low . It is trying to test 52 week low. can initiate position for short time with strict Stop loss of 443
Sell ULTRACEMCO at 4054 with Stop-loss of 4080 (Stop loss is on closing basis, Please do not exit the stock in intraday volatility), and Target of 3980
MARICO has sold today with slightly larger volumes on NSE signifying a sell in MARICO around 302.10 with Stop-loss of 304.30 and TGT of 298.55
BEML has been a favourite shorting opportunity on NSE in the recent downtrend. This call is for tomorrow. Sell BEML @ 1160 with SL of 1190 and Target of 1070
NSE:UPL is one of those stocks where it seems bearish phase is yet not stopped. Fresh signal are given by MACD crossover as well Stochastic crossovers. Interestingly both are also giving bearish divergences (observe down arrow) which confirms our short selling call. Short Sell in range of 700-705. Targets will be 693(T1), 680(T2), 672(T3). A stop loss of 709 is...
NMDC lost 6% on NSE today with twice its average traded volumes. Fresh shorts have also been initiated. SELL NMDC@123.90 SL:125 TGT1:122, TGT2:119.40
i will short axis bank on monday.... as a bearish pinbar formed which closed back in the 525 range..... So i will Short axis bank around 525-530 with stoploss 535-540 for first target of 500-510
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
as i see the stock it still has a good down side left . and in the worst case can even comes to 77 rupees -80 rupees range as well! in SHORT TIME FRAME the stock holds good support in range of 100-105 MIGHT SEE SOME dead cat bounce AT THESE POINTS BUT overall structure of the stock tells me TO STAY AWAY from the stock and on the upside the stock faces resistance...
Please refer the chart for analysis. Thanks.
should stay cautious in acc for short term
Jk tyre NSE:JKTYRE looks weak. Any short position can be created around 172-173 with Sl 177. Stock should come down to 163-160 levels
Motherson sumi NSE:MOTHERSUMI -4.49% has posted very weak q3. Any up move can be utilized for creating short. Can go short around 347-348 with Sl 354 . Stock should come down to 339-335.
NSE:ESCORTS As We can see Escorts had a Top around 750-770 levels where it formed a Bearish Engulfing Pattern(Marked Area). Now at the same Area It made a Reversal Candlestick Pattern called Shooting Star(Marked Area) with Volumes above Average. That Pattern is also called "Falling of the Roof(Steve Nison)" which touches targets in fast momentum. Risk:Reward...
Asian Paints CMP 1180 Last time the stock was at these levels we were able to capture a fall up to 1100 in 2 stance... And with Oil price on an rise again, it is a negative factor for Asian Paints On charts the stock is at crucial levels and below 1177-1168 zone could lead to further weakness for target of 1135 and further lower Take care & safe trading...!!!