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anshul16
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FEDERALBNK 20% | 1 MOTHERSUMI 20% | 1 RAYMOND 20% | 1 RELIANCE 20% | 1
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Motherson Sumi Shorting Opportunity : First Tgt 58
MOTHERSUMI
, 1WShort
MOTHERSUMI: Motherson Sumi Shorting Opportunity : First Tgt 58

Motherson Sumi has formed a weekly dark cloud pattern on good resistance. Also, it has broken down the descending triangle channel which is another selling indicator. Sell at the current price (79) for the target of 58 with SL of 92 on a daily closing basis.

Reliance Shorting Opportunity : First Tgt 1340
RELIANCE
, 1WShort
RELIANCE: Reliance Shorting Opportunity : First Tgt 1340

Post running a bullish trend now Reliance has formed weekly dark cloud pattern on good resistance. Also, it has broken down the bullish channel which is another selling indicator. Sell at the current price (1433) for the target of 1340 with SL of 1600 on a daily closing basis. Happy minting :)

SBI Short
SBIN
, 1WShort
SBIN: SBI Short
Updated 

Rising wedge breakdown. TGT & SL highlighted in the chart.

Federal Bank Short
FEDERALBNK
, 1DShort
FEDERALBNK: Federal Bank Short
Updated 

Rectangle channel breakdown - TGT 77, SL 97

Raymond Short
RAYMOND
, 1DShort
RAYMOND: Raymond Short
Updated 

Descending triangle breakdown target 740.

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