Short LIC Housing @260 SL @287
DR Reddy short @3805 SL 3980
Cadila has risen 89% in the past 30 days with a volume signature of 6 years high. There is a possibility of a turn around for this stock, the whole pharma sector has shown a strong comeback. This may also be a sentiment-driven rally and fizzle out in the coming weeks/months. So without making any broad predictions, I have entered the stock at 310 with a 20%...
Short Bajaj Finserv @4540 with an SL of 4796 first target 4220
200% upsurge is 60 days. Highest volume in 6 years. looks like a top may be in place for some time and the chance of a 50-80% decline is highly likely. "Read up Mark Minervini 50-80 rules"
Fairchem has corrected 28% from recent highs. There are 4 accumulation days in the recent few weeks. The stock has reclaimed 50 DMA and 200 DMA with above-average volume. TTM Profits are up 100% from March 2019
very high probability of a short term correction
Multiple accumulation days have been observed in wipro, it has also reclaimed 50 dma. Current correction from the recent top was around 23%. good time to go long for a target of 308-312 NSE:WIPRO
accumulation has been observed in the stock in the past few weeks. the stock has reclaimed 50ema with above-average volume.
Hikal Ltd fell 25% on Sep 18 on 10000% volume more than Average Monthly Volume. Generally, such moves are climax top in stock. The stock may drift sideways for months before witnessing a huge fall after the climax top, It pays to be cautious in such scenarios.
3 distribution days have appeared so far on Rel Inds. if more days add up, very high chances of an intermediate-term top
Nifty Smallcap index is down 20% YTD and 25% from YH to YL. A comparative analysis on the stocks which have performed better price-wise. Chances of a future super former emerging from this list are relatively high. will narrow this list down with earnings strength.
70% volume drop. Price above 50ema Buy above 47.70 sl previous weeks low
60% volume drop. Price at 50 ema buy 269.8 sl 261