Long or Short Opinion
- Thread starter rajputz
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Shares giving me a sell signal at the moment are: -
1. BHEL: - A Strong ZLR plus a pivot low is broken. Stochastic and RSI are also very weak.
2. BPCL Strong SELL: - A ghost. One of my favorites for trend reversal.
3. DLF: - Pivot low broken, and also a ZLR on CCI for trend continuation.
4. HCLTECH: - weak movement over every method and rejection just near the resistance of 20 and 34 EMA.
5. HINDPETRO STRONG SELL:- A ghost one of my favorites has occured on Hindpetro. lets C if it is respected. would like to buy some puts.
6. RELIANCE: - reliance is also looking weak, around breaking the pivot low, stochastic and RSI are also weak.
7. TATAMOTORS: - Due to this uncertainity going on cause of the gloabla market, tata motors has given a signal to trend continuation to downside, or we can say that failed trend reversal signal. The present signal is ZLR, and the failed one are a VT, FAMIR.
8. TATASTEEL: - it is also on of the shares which is oversold region for so long, and can surge more, as the pivot low for last few days is broken.
9. HDFC: - HDFC has Given me one of the strongest sell signal. It has given me sell signal on all my systems, of CCI, Pivots, And Cowbunga.
10. GAIL: - It has a trend reversal pattern, ghost on CCI, one of my favorites. neckline is broken today. Stochastic and RSi are also in overbought, and start to surge. According thi Stochastic any thing can happen as it can stay there in overbought for days and weeks.
11. DLF: - I mentioned yesterday also that the trend reversal pattern VT is too weak to buy.
12. AUROPHARMA: - Share is in Downtrend and also the lower pivot is broken for last few days, Stochastic and RSI already in oversold, which theoratically can stay in oversold region for days and weeks.
Shares giving me Buy at the moment are: -
1. INDIACEM - Pivot high was broken yesterday, Stochastic and RSI are aslo in good move, but CCI is little negative, cause of todays gap down. So little contradicting.
If you ask me then i have no positions yet, but will buy some puts on HDFC, HINDPETRO and BPCL.
For nifty i have no comments as the movement is total choppy due to the world markets. Every day there is some thing happening ruining the movement. But these three stocks i will definitely look at.
1. BHEL: - A Strong ZLR plus a pivot low is broken. Stochastic and RSI are also very weak.
2. BPCL Strong SELL: - A ghost. One of my favorites for trend reversal.
3. DLF: - Pivot low broken, and also a ZLR on CCI for trend continuation.
4. HCLTECH: - weak movement over every method and rejection just near the resistance of 20 and 34 EMA.
5. HINDPETRO STRONG SELL:- A ghost one of my favorites has occured on Hindpetro. lets C if it is respected. would like to buy some puts.
6. RELIANCE: - reliance is also looking weak, around breaking the pivot low, stochastic and RSI are also weak.
7. TATAMOTORS: - Due to this uncertainity going on cause of the gloabla market, tata motors has given a signal to trend continuation to downside, or we can say that failed trend reversal signal. The present signal is ZLR, and the failed one are a VT, FAMIR.
8. TATASTEEL: - it is also on of the shares which is oversold region for so long, and can surge more, as the pivot low for last few days is broken.
9. HDFC: - HDFC has Given me one of the strongest sell signal. It has given me sell signal on all my systems, of CCI, Pivots, And Cowbunga.
10. GAIL: - It has a trend reversal pattern, ghost on CCI, one of my favorites. neckline is broken today. Stochastic and RSi are also in overbought, and start to surge. According thi Stochastic any thing can happen as it can stay there in overbought for days and weeks.
11. DLF: - I mentioned yesterday also that the trend reversal pattern VT is too weak to buy.
12. AUROPHARMA: - Share is in Downtrend and also the lower pivot is broken for last few days, Stochastic and RSI already in oversold, which theoratically can stay in oversold region for days and weeks.
Shares giving me Buy at the moment are: -
1. INDIACEM - Pivot high was broken yesterday, Stochastic and RSI are aslo in good move, but CCI is little negative, cause of todays gap down. So little contradicting.
If you ask me then i have no positions yet, but will buy some puts on HDFC, HINDPETRO and BPCL.
For nifty i have no comments as the movement is total choppy due to the world markets. Every day there is some thing happening ruining the movement. But these three stocks i will definitely look at.
Let me try to put my understanding in NIFTY -
NIFTY has out performed by 200 points compare to global markets. Will it adjust this gap anytime? I guess it will do unless global markets pull back sharply.
NIFTY took support at 200 DMA yesterday, it was good sign.
For today, NIFTY SPOT resistance at around 5060 and support around 4955. In case market shows weakness, we could go for testing the lower channel today (as per chart)..
On the other hand if NIFTY manage to sustain above 5060 spot, it can trigger short covering in up side to 5140-50 spot.
Happy trading!
NIFTY has out performed by 200 points compare to global markets. Will it adjust this gap anytime? I guess it will do unless global markets pull back sharply.
NIFTY took support at 200 DMA yesterday, it was good sign.
For today, NIFTY SPOT resistance at around 5060 and support around 4955. In case market shows weakness, we could go for testing the lower channel today (as per chart)..
On the other hand if NIFTY manage to sustain above 5060 spot, it can trigger short covering in up side to 5140-50 spot.
Happy trading!
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