2 ‘Sell’ Trading Ideas for 28th January Trade 5/5 (1)

Trading Tips stocks Buy Sell

Intraday Tips 28th January

(1) Maruti:

The stock has given a strong breakdown in the last session. The strong fall was also accompanied by a strong volume turnover. Hourly charts of the stock depict a down trend in motion and the candles are consistently forming below 10 EMA in the said period, indicating a Bearish stance. The immediate support for stock stands at 6450/- below which intraday supply may be accelerated.

Trade Date- 28/01/2019

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <6450 6510 6415 6340

(2) JSW Steel:

The stock has formed a Bearish Engulfing Pattern on Daily Charts indicating a strong selling pressure in the last session. The immediate support for the stock stands at 273.20, below which fresh shorts may be initiated for the next session.

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
Sell <273.20 275 270.50 267.40

*All levels mentioned are of cash segment.

Not trading yet? Do not miss the opportunity. Open a Trading account now with Zerodha. Fill in your details here  and we will call you back for next steps
____________________________________________________________________________________________________________________________________
Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

Please rate this

Author: Traders' Chowk

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.