ALBK is bearish engulfing and with higher than usual volumes. and Fresh Short positions initiated. SELL Alahabad Bank (ALBK) at 43.90 with Stop-loss on closing basis above 46.90 and Target 1 at 40.5 and Target 2 at 35.45
HINDALCO looses 3.4% on NSE today with greater than average Volumes and fresh shorts seen on stock. Sell HINDALCO around 202.55 with Stop-loss on closing basis at 206.25 and Target of 190.10
AXISBANK lost 3.5% on NSE with 4 times its average volumes. Its trading below Ichimoku Cloud signalling further weakness in the stock.
Sell AXISBANK around 503 with Stop-loss at 311 and Target 1 of 482 and Target 2 of 478
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
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
Here, is a potential short setup.
I'll go short on PNB tomorrow , only below 145, if it stays above it, no trade entry.
If it's below at 144, I'll go short :
A part for intraday,
where I'll keep 1 point stoploss
and target according to movement.
And the other part for positional,
where stoploss would be 151 ( 7 points ) and
target 132 ( 14 points )
Risk ...
