Exhaustion in TCS uptrend can see 2030 levels soon TCS seen in its exhaustion final move ...final push towards 2280 can be seen with a sharp downfall towards 2030 levels......Respect risk......happy trading
Shorttrade
BATA ON THE SHORT SIDE!!WEAKNESS SEEN IN BATA INDIA. WE CAN SEE THAT BATA INDIA STOCK HAS FORMED A EVENING STAR CANDLE ON DAILY TIME-FRAME. CAN ENTER SHORT ENTRY AFTER PRICE FALL TO 1438 LEVELS.
Shorttrade in HBI after bearish engulfingHBI is in a Long Lasting downtrendchannel. A nice bearish engulfing built up near the upper Bound of the channel in the Weekly timeframe that maybe Signals the end of the upside leg. Take a shortposition the next week.
VEDANTA Ltd (BEAR, MEDIUM TERM)SHORT VEDANTA Ltd
CMP 193.25
TARGET 162.25
SL 216.25
Animesh Vashisht
ALBK SELL at 43.90 SL at 46.90 T1 at 40.5 T2 at 35.45ALBK 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
JPASSOCIAT: SELL at 12.3 SL 13.55 and Target of 10.5JPASSOCIAT is a favourite shorting candidate on NSE shortly. Sell JPASSOCIAT at 12.30 to 12.50 zone with Stop-loss of 13.55 and Target of 10.50.
ICICIPRU: The Mad StockThis is a highly volatile stock so risk averse traders can simply ignore this trade.
Notes on the chart.
HINDALCO SELL at 202.55 SL 206.25 TGT 190.10HINDALCO 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: SELL @ 503 SL: 311 TGT1: 482 TGT2: 478AXISBANK 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
ONGC: SELL at 178.5 Stop-loss 184.3 Target 170.4ONGC 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
ULTRACEMCO: SELL@4054 SL:4080 TGT@3980Sell 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: Sell @ 1160 SL 1190 TGT 1070BEML 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
PNB - Intraday / PositionalHere, 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 Reward :: 1:2
P.S. If you're buying options , go for 140 PE . Don't go below that.
But beware of risks of options, only for pro traders who understand it completely.
