Long or Short Opinion

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rajputz

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#1,351
#1,351
Momentum is also changing on DRREDDY. A ghost has appeared in an uptrend move and the signal is also flat. Movement of stochastic and RSI is not yet convincing for the further upward move. Would like to go short if previous days, low is broken. Check the charts: -



 
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rajputz

Well-Known Member
#1,353
#1,353
PUNJLLOYD has also given a pivot high break to upside two days back. Since price has not moved, i still find a buying opportunity in it. Only cautious factor is that price is standing on the resistance of 20 and 34 EMA. so Little botheration is there. KIKPOP has given me buy on the basis of delivery trades. Check it





 
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rajputz

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#1,356
#1,356
TATASTEEL - Sell
Tatasteel has been an underperformer for last few sessions, showing no strength to upside. Price has again reverted just near the 20 and 34 CCI giving a nice reject on CCI. It is a ZLR trade for trend continuation to downside.

Short tatasteel near 477 / 473 with a stoploss of 478 / 483 for the target of 468 / 462 / 452.



PUNJLLOYD - BUY

PUNJLLOYD has shown some strength in last few sessions. Price managed to close above the pivot high 121. Still the momentum is upside. But considering the expiry and overall market sentiment, buy only if the previous days high is broken. So buy near 127.50 keeping stoploss at 124.50 for the target of 129.50 / 132.60.



 
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