JSW Steel NSE:JSWSTEEL has been very strong and came out with a good set of numbers. However, it has been struggling around 333 since many days. Now that the result is out, profit booking seems to have started kicking in. I can see a divergence here with a large bearish engulfing candle that it formed today. Good opportunity to go short with a stop loss...
IT Index NSE:CNXIT has been moving sideways for past few days. With election results also out, there is hardly any indication that the correction in IT is over. KPIT has been struggling around 265 levels. I can see a Negative Divergence and a couple of bearish candles around the top. Looking for shorting opportunities in this stock with a stop loss near...
NSE:DIVISLAB This stock is very volatile and has had a couple of wild runs ... (so one needs to be careful.) The stock has also completely recovered from its February lows and made a higher high. However, I can see a divergence here with an evening star pattern at the top. Good shorting opportunity here with Stop loss of a few points above the recent highs...