Similar conditions as in the nifty idea I shared earlier. Top of parallel channel, distribution visible in RSI. SL is weekly close above ATH.
Look for breakdown of the upsloping red line for confirmation of trend breakdown instead of picking a top.
Disclaimer : For educational purposes only !
Link to Nifty idea :
Sanjivini CMP - 70.50
Short / Mid Term Target Levels
Buy At or 70 - 71 levels / Strict Stop Loss 59
Target 1 - 80
Target 2 - 90
Target 3 - 100
Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
Disclaimer: Views for Educational Purpose and not to be taken as any investment or trading advice.
Stock has corrected more than half and looks good to accumulate at current levels
Low PE in comparison to Industry
Netronix is in parallel channel since 2008 and recently it has given all time high breakout at 50
expect mild retracement and follow through is going to be bullish
swing trade -Hemisphere Properties India Ltd
The company was formed as part of the disinvestment exercise carried out by the Government of India in respect of its holdings in the erstwhile VSNL (currently known as Tata Communications Limited).
The company currently owns or have access to 739.69 acres of land, transferred to our Company in terms of the Scheme of...
With Bullish ascending buying Candles both for daily weekly,monthly and with increasing delivery, Ascending SMAs, QoQ profit rise and a steady balance sheet - SanInfra may rise a further 30% more .
Views expressed are for educational purpose only.
