dhavaltrade

dhavaltrade

One should watch out for this counter if it again goes below its 20 period MA then one can go short with the stop at 2450 for the target of 2337 to 2350 range

dhavaltrade

Nifty has broken below its 20 MA on Monday on daily charts and it retested its 20 MA again today but failed to cross and close above it. According to me this is a very good short , one can use put option spread for this play, buy 12100 PE and sell 11800 PE for 9th jan expiry with 1:1 ratio.

dhavaltrade

It's a short with current setup and stop above the channel

dhavaltrade

It's a short due to the kind of movement it showed today in last 30 mminutes of trade, it broke below the channel.

dhavaltrade

Watchout for Reliance it took support at its EMA channel once it moves above or below the channel one can accordingly trade on long or short side , watch out for first 15 minute bar on monday.

dhavaltrade

Short it it had shown divergence and now if it breaks 326 and closes below this level then it could down to the range of 290-295

dhavaltrade

Its showing positive divergence,so one can go long in this counter

dhavaltrade

It's a good short at current levels with stop above EMA channel

dhavaltrade

Its a good short at current levels and stop above the green line of EMA channel

dhavaltrade

it can be bought at current levels with stop below 213

dhavaltrade

its a short at current levels woth stop at 85.75

dhavaltrade

one can short BHEL at current levels with stop above the EMA channel

dhavaltrade Updated 

Its a good short with stop above the green line

dhavaltrade Updated 

I looks like a good short candidate one can short it at current levels with a stoploss just above the green EMA line

dhavaltrade

Looking at the points where divergences are and the overhead resistance and if they show confluence it makes it a better setup, that is what happened with Escorts the moment it touched 685 the area of resistance, one can short any bounce towards 688, with a very strict stoploss just above 688 and if it closes above 688 one can even go long having stop just below 685.

dhavaltrade

Though the stock has shown bullish set-up since it crossed EMA channel in single blue candle but it's just under the resistance zone, so though it looks bullish according to me one should go long in it only once it gives a close above 88.5

dhavaltrade

Titan now seems to be giving positive divergence, RSI and MFI are already giving positive divergence, wait for MACD to turn green though the slope has already started to turn so aggresive traders can go long right away

dhavaltrade

Showing divergence wait for MACD to turn negative or aggressive ones can short right away since slope of MACD has already turned negative have stop at the top of the trend line