MACD crossover, rsi falling below 75, stock closing below 8, 13 and 21 ema..
It has also reached the Fibonacci level of 78.6% and is likely to reach 50% level
A good stock to short for a target of
TGT 1 - 205
TGT 2 - 200
SL - 223
Moving In Upward Channel.
At Support of Channel.
At Support Zone.
Above 235, Harmonic Pattern AB=CD Will Be In Action.
Risk Reward Looks Favourable.
Will Review TSL Near Targets.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI...
If you are interested in investing, don't run after Relinfras and DHFLs. Look to buy fundamentally sound stocks which are relatively strong compared to the overall market.
Buy VGUARD at around 190 188 levels with a closing SL below 155 Targets can be 224 240
Stock closed at 202.15. Since 8.1.19 price could not close the day below 200 because of highest OI on 200 Put. There is a positive divergence visible. High speed of Theta (time decay) in the last days of expiry should be able to generate profit.
a) Sell 200 Put at 5.15 or 4 (lot size 3000=approximately 15000 or 12000 premium will be received). 200 Put has the...