I am not able to find good long candidates. I am finding more and more extended setup with inverted hammer or dojis with high volumes which is usually a reversal sign. It doesn't mean that market can't go up but higher probability is that it needs more bull push to cross this level.
Bank had a bad day on Wednesday. Most banks stocks seems to be ready for pullback.
BANKBARODA: Today it had a 600% volume than regular volume that shows big money exchanged hands here. I believe, good shorting price seems to be 819 with stop at 836 and good price to cover seems to be at 735.
ESCORTS: Breakout from 7 weeks pivot point. I believe good buy price seems to be at 85 with stop at 82.73 and good cover price seems to be at 91.30
Update: Sintex move stop to 69.71. Remove target from Sintex, if yesterdays breakout was good, we should see 10-20% move in next couple of days.
Other good one to mention here:
Gail looks to be setting up for atleast 20% move.
Sesagoa looks to be a good breakout for 7-9%
Bankbaroda, Escorts, Gail, Sesagoa
Bank had a bad day on Wednesday. Most banks stocks seems to be ready for pullback.
BANKBARODA: Today it had a 600% volume than regular volume that shows big money exchanged hands here. I believe, good shorting price seems to be 819 with stop at 836 and good price to cover seems to be at 735.
ESCORTS: Breakout from 7 weeks pivot point. I believe good buy price seems to be at 85 with stop at 82.73 and good cover price seems to be at 91.30
Update: Sintex move stop to 69.71. Remove target from Sintex, if yesterdays breakout was good, we should see 10-20% move in next couple of days.
Other good one to mention here:
Gail looks to be setting up for atleast 20% move.
Sesagoa looks to be a good breakout for 7-9%
Bankbaroda, Escorts, Gail, Sesagoa
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