Prem_Agrawal

Prem_Agrawal Updated 

Marico has been falling from quite a few days and now the Sentiment of Bears are very high, as RSI is still not in the oversold region I think there is still room for a small correction, as Bollinger Bands are also contracting this show the correction won't be huge but still I am Semi Moderate Bearish on Marico because the way Bears have reacted from past two days...

Prem_Agrawal Updated 

Mahindra & Mahindra is showing signs of a moderate Bearish move which can be of 5 - 10 BPS OC data suggest indecision in the sentiment Marubozu candle was formed which shows Bears are trying to pull market downward RSI is almost in Oversold region There is also a slight possibility that the next candle would be Doji or a Spinning Top A strict SL is required if...

Prem_Agrawal Updated 

L & T FIN is about to show a correction if its immediate pivot level of 112.54 is not sustained will I believe won't be sustained The MACD is also moving downwards and forming a curve which shows a crossover may happen soon A day before the Bearish Engulfing pattern was formed which shows Bears are highly confident RSI is also in Overbought region All of...

Prem_Agrawal Updated 

SHORT RECLTD, this trade has a very high probability as its showing signs of a perfect bearish trend Weekly charts are showing Downmove MACD has already crossed and momentum is high. A possible breakdown is expected as it's below its 20 SMA RSI is near 35 region which shows a correction may take place placing it in Oversold Zone The immediate Bearish Candle has...

Prem_Agrawal Updated 

Go Short on NSE:IBULHSGFIN as MACD is forming a Curve and is about to give a crossover Also, Weekly Charts are showing a higher possibility of a breakdown And Parabolic SAR has also turned Bearish RSI has fallen from overbought region to 50 zones which shows that it still can go till oversold zone Few Days before a Bearish Candle's Body Engulfed its prior...

Prem_Agrawal Updated 

In Coal India, we may possibly see a strong downfall from this level so if the triangle is broken down then increase the lot of your short position. Trail the Stop Loss to 192 so as to protect our profits Happy Trading .....

Prem_Agrawal Updated 

Short Tata Power as MACD has given a signal using the crossover A long Bearish Marubozu was formed which has Engulfed previous 3 to 4 candles which shows high Bearish Momentum RSI is at 34 level which shows there can still be 4 BPS fall so that Tata Power become oversold, we will capture that fall There is a Possible Breakdown in TATA POWER as Shorts are Added at...

Prem_Agrawal Updated 

Short CUMMINSIND as it has formed an Engulfing Candlestick Pattern which has Engulfed previous 2 Candles The Candle is also similar to Bearish Marubozu which show high confidence of Bears Pivot Point's Support 1 is also penetrated The Trend line is about to get broken and we may see a good penetration of that trend line as Bollinger Band is expanding RSI is at...

Prem_Agrawal Updated 

Short PNB as the triangle is breached, Bollinger Band was contracting but now has expanded and will do so further because of the triangle's piercing MACD showed a crossover 2 days before, Dark Cloud Cover candlestick formation with a Bearish Engulfing Candle shows high Bearish Sentiment. EMA 20 is about to cross EMA 10 and give a Bearish crossover, the difference...

Prem_Agrawal Updated 

Short SPX

Prem_Agrawal Updated 

Nifty 50 has formed Three Inside Down candlestick pattern and the Bulls are losing momentum In Option Chain of Nifty 50, there is heavy call writing at 12000, 12050,12100 Levels so they will act as Strong Resistance On the 11950 levels, there is a good amount of call writing but put writing is less. On the 11900 levels, there is a good amount of call as well as...

Prem_Agrawal Updated 

Vodafone Idea Ltd is going to be bankrupt after is posted its Q2 loss of 50920 crore rupees and the stock has already started reacting but the participants who were sleeping today will react tomorrow so catch the fall.

Prem_Agrawal Updated 

This company has posted a Q2 loss of close to 25000 crore rupees which will affect its stock price tomorrow and a drastic fall may be seen which creates another opportunity for us Also, this stock is 1.65 % up today which shows this is not an operator driven stock and our trade won't go into vain.

Prem_Agrawal Updated 

You may not have heard about this stock but I was in same shoes 2 Hours ago until I got to know that Nomura Singapore Ltd has but these companies share in a bulk deal for 18 rupees some paise and as the Bulls will come to know about this news they will react and that reaction would be enough for us to make decent profit .

Prem_Agrawal Updated 

Nifty 50's Option Chain suggests trading level between 12000 to 12100 where 12000 is acting as immediate support, this support is signalling although there was not any Repo rate cut from the RBI but still Put Writers (Bulls) are Bullish on 12000 levels and their outlook has not been affected. The Candlestick pattern somewhat appears to be Dark Cloud Cover I am...

Prem_Agrawal Updated 

Infy seems to be moderately bullish, as most of the indicators are signalling the upside move but Bollinger Band shows lack of momentum hence the move may not be much larger but still, I think if it upside move is seen the momentum may increase and then it will turn out to be a good move but for 6 DEC let us be moderately bullish only .

Prem_Agrawal

Coal India is giving a sell signal hence go short on it as soon as possible.

Prem_Agrawal

Nifty 50 has penetrated its all-time high resistance, so Bulls are high on their sentiment so Nifty 50 may even penetrate 12200 and it has Support 12100 and another strong support at the 12000 levels. It would be better for investors to go Long on Nifty 50 Happy Trading ......