Interesting but Difficult Setups–Adani Ports, RBL Bank, Jindal Steel, United Spirits.

In todays post we look at some interesting trade setups but difficult to build conviction given some are contra trades.


Adani Ports

  • Forming a triangle.
  • A quick 10% plus move on either side post a move beyond 715 or 665
  • Bias more positive.


Adani Ports


RBL Bank

  • Looked oversold at 170 also but bounce fizzled.
  • Back to where it started from 160s.
  • Down from 250-280 zone.
  • Looks HnS , inverted cup and handle. Targets would come too crazy on downside theoretically and thats the reason can be a big bounce trade.
  • Strict stops at 155.


RBL Bank


Jindal Steel

  • 3-4 failed attempts to sustain 430.
  • 4-5 attempts at the 360-380 mark.
  • A good risk reward with retest of last breakout and a good 25% plus cut from peak.
  • Eventually can it rise from here and go all the way to 500 +
  • Stoploss 360/340.


Jindal Steel Contra


United Spirits

  • Big Price Volumes Breakout on a day when markets sulking.
  • Pulling back to the breakout point.
  • Stops at the big candle low of 660.
  • Eventually a big breakout possible.


United Spirits


Interesting Reads and Updates

1) Smallcap Shakeout/correction and crash.

This is a must read

Smallcap Index–What is a Shakeout , Correction & Crash. What is the Setup Now–Sunday Thoughts ?

2) Smallcase Launch -

Smallcase Launch–Top 10 Insider Trading, Top 10 Techno Funda, Top 10 Value & Thematic Smallcases.

3) Online Technical Analysis Video Course – A good time to now do it.


Good time to subscribe to our services ( always better to start post a drawdown.)

LinkTree  - Links to all our services and products -  ( Do checkout )

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