NHPC has broken resistance SHORT
PFC may breakout resistance go long
TATASTEEL has tested resistance. Divergence in RSI Both stochastic's in overbought zone, and are exhibiting divergence. Do you think this is a short? Let me know.
Bearish divergence + MACD Crossover Weak volume in trend. potential shorting candidate
Bearish divergence in RSI and MACD. and MACD crossover. Target around 163 Alternatively you can purchase OTM 165 put option @ 2.6
ITC always suffers due to budget. Increased taxation on cigarettes is expected this budget, as every other budget. ITC also has tested resistance again. And a powerful bearish piercing pattern with above average volume. Short futures or buy cheaply ppriced OTM puts for quick profits after budget.
Engineers India fails to breach resistance at around 155-160 range with momentum, may decline further.
TATA Power has exhibited a double top formation, more negativity expected as it failed to breach resistance.