Readers, today was a successful day overall. Based on my pre-market analysis here, I decided to go short on Tata Steel, SBI and ICICI Bank.
1. ICICI Bank Successful Sell
ICICI Bank was consolidating below the 100 DMA and then moved down heavily. Entered at the breakout of consolidation.
2. SBI – Successful Sell
SBI was negative after open, started consolidating for a very long time. Indicators were falling and finally MACD gave a negative crossover in 5 min chart along with breakdown from the consolidation range. Overall market was also negative.
3. Tata Steel – Successful Sell
Tata Steel was showing pretty much the same pattern as of SBI. After a long consolidation, the stock broke down from the consolidation range and was a good selling opportunity.
1 comments:
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