algomojo

algomojo Updated 

Lupin was trading lackluster all these days until last Friday where a decent short covering rally is seen with momentum buyers jumping aggressively for this series. In the medium term this current wave of uptrend could bring trading activity towards 940 levels as more momentum players are likely to join with current players

algomojo Updated 

Lets try one more short covering rally in Pharma sector towards 1080 levels in a time span of 1-2 trading sessions. Possibly the last pharma stock to a short term short covering rally.

algomojo Updated 

One of the Rare Trend Exhaustion Trade Setups where one can anticipate a potential short covering rally towards 2030 in 1-2 trading sessions. Most of the Pharma comapanies in Nifty 50 like Cipla, Lupin, Sunpharma is already in rally mode. Possibly DR-Reddy looks to join them.

algomojo Updated 

Lupin price is in onsecutive slide mode for last 6 days. Momentum Sellers driven the price down possiblly now the momentum got exhausted. Time to looks for potential short covering rally towards 784 and higher within 1-2 days timeframe.

algomojo Updated 

Techm is currently in a short term short with tight resistance band 717-719 band. Target is towards the destination target 676-678 levels.

algomojo Updated 

Pharma Stocks are on the surge except CIPLA missed out to make it another day. Next two day should be interesting Cipla as it is in consolidating mode for the last couple of days and should get out of those consolidation range. 536 is the short term level once should anticipate with 2-3 days time horizon.

algomojo Updated 

Momentum Exhausion Sign is Observed in Bank Nifty. There could be a potential 300 pts drop in Bank Nifty Spot. Price moving down below fridays low is the early confirmation.

algomojo Updated 

It is an interesting trade setup where weaker hands are shorting based on weak news factors like Italian Crisis, U.S. tariffs reignite trade-war fears. Ideally this should result in a short covering rally towards 2731 levels either in friday or monday regular trading hours. Failure to do shortcovering in the above said time frame could be a worrying factor from...

algomojo

When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy! - Donald J Trump

algomojo Updated 

Lupin is in a medium term recovery phase could test 1200 and 1400 in 6-8 month duration.

algomojo Updated 

Short Sell Bharat Forge as there is a price momentum divergence. Could be a potential top formation in this zone.

algomojo Updated 

Trend Exhausion in AMZN. Add it to your shorting watchlist. Expected to test 1200 in near term.

algomojo Updated 

Trend Exhaustion in CNXIT scripts. Entire sector downgraded to short.

algomojo Updated 

Its time to short sell GOOG. Short term trading sentiment at extreme. Short term Trend Reversal on cards.

algomojo Updated 

Cant be a best time to trade against the crowd. Positionally tremendous risk in holding longs. Sell on raise is the keyword. Expect resistance to build around 2860-2865 levels. Short term sentiment is extreme and exponentially biased towards longs. Expecting some correction towards 2800 levels.

algomojo Updated 

Shorting Crude is not fun since the last 6 months. Probably its a better time to test the waters.

algomojo Updated 

IBM reports first revenue growth in almost 6 years -anything that is happening for a very first time is a contra trade www.axios.com

algomojo Updated 

In this bull market if you get a trend exhaustion reverse to shorts!