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Hindalco is giving nice technical breakout and can be bought for short term rewarding RR 1:4.
If T1 is hit will update you for T2.
at T1 exit 50% position and rest trail with breakeven.
This entity has open and started below cloud today as well as major 20-50 MA crossover. Wait for it to retrace near 114 level and then short it for good risk reward ratio of 1:2 for first target and 1:3 for a second target.
However, if close below 110 today one can STBT it for immediate first target.
Trade with atleast 2 lots in option and book profit ...
An update on Nifty sold yesterday.
Those who are in profit based on the idea mentioned a couple of days ago can now trail their SL to breakeven of 8630. It is advisable to book 30% of profit around this level. Rest trail with breakeven SL.
For details see the previous post.
Happy trading keep trailing.
Moving cross over is happening . following descent retracement stock is trending in the direction of mainstream.
Short this pair at current price of 1.33630 with an immediate target of 1.33000 SL of 1.34250 RR is 1:1.2.
Reason to short: price is retracing back for two days forming the resistant at 1.34250. Price will magnet to its 20 sma and previous resistant level of 1.32900. However, it's a good idea to exit a bit early if you are trading in one lot. If you ...
Why to short bank nifty ? - 20/50 crossover, long-term trend-line break, price respecting new downward channel.
Aggressive traders can short it at the moment with 19930 SL on closing basis. Safe traders can wait for the breakdown of 19250 (intraday or closing) and take support at 19000. Then sell in a retracement of 19200-19250 for a downward target of ...
Nifty is still holding the daily closing basis SL of 8725.
Sideways action with bias towards down-side is expected in near future.
Sell re-entry recommended yesterday can now hold the position with revised SL of 424 on closing basis.
Yesterday we recommended selling TISCO when retail traders get out of their short sell position in the spike. As expected spike occurred up to 424 and don't hold our SL on closing basis so those who are in selling can hold their position with SL of 424 on ...
Since lot of late retail traders shorted TISCO on bad news, it was obvious that tisco should rise back until all the short are covered.
Wait until next day for any spike above 411 to re short tisco in that spike with 1st target of 390. Now if the price will retest recent low, the retail traders will be buyers this time and the stock may go further down to 360 ...
A few days ago before Oct expiry when Nifty was trading at 8730, I recommended selling nifty with SL of 8800 on closing basis on a break of 8630. Within two days Nifty made a low of 8550.
I am now revising this post to update those who are in profit to trail your position with trailing SL of 8725 on closing basis. So, now if nifty close above 8725 we ...
Resitant at ichimoku with previous resistant trendline resistant.
Target 16 SL 22 on closing basis.
Fresh buy only if closes above 22 only with target of 28.
The idea is also supported by overbought stochastic and RSI.
Short term sell set-up in tata steel.
Technicals: Previous day pinbar and twice price rejection at 428 with double top formation coinciding with falling rsi and Stoch Crossover.
Target: first target 401. Second Target 385 towards 20 and 30 SMA.
Stop Loss: above 430 on INTRADAY basis.
Found another sell set-up in Idea yesterday, however, couldn't post on time.
Set-up has been confirmed today with RSI pointing downward and stochastic crossover on downside with downward trending trend-line amidst bad numbers and all MA trending down.
If you already are short in Idea, I would recommend hold with SL of 80 and target of 66 on closing ...
After a long term trend-line break in Nifty and 20-50 MA crossover in Nifty, Nifty is now respecting the short term downward trend-line. Lack of any trigger in near term can magnet nifty down to its 200 ma which is around 8200, although, I am expecting it to retrace all the way back to its 50% Fibonacci level which is around 7920.
However, this set up ...