Reason for short
a) bear flag
b) monthly low break possibility
d) good risk reward zone
e) supported by Super trend and vwap for short
SL compulsory
for intraday only
Indigo has given a good upmove and is currently near a prior breakout zone, which can act as support. Based on price behavior at these levels a good long or short trade can be initiated.
Indigo : 2600 CE Buy or Equity for swing Buy. Target 2742. SL 2561. CMP: 2617 (Buy only after price crossing above 2645, you may place limit order) Holding period max 3 days after entry. Educational purpose only.
head and shoulder formation at top
in hourly chart , 18 ema has crossed 50 downwards
price below 50 EMA after a month
price below the pivot level as well
bearish IB in houlry chart
target :2550
sl:2690
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Any opinions, analyses,...
Very good co but valuation is very high
Highly over bot, on medium term as well as short term charts, I can see serious long unwinding in Friday
If gapup today and trading@ higher level then I can short for short term
My stoploss is very low only ath
Highly over priced, it's time for profits booking, if crude oil change his trend changed to upside, it's profitability hearts, so i m booking profits.
Charts looking very over bot for medium term also
