Sell Adani Enterprises, Dish TV, Reliance Power: Malkan

Jul 30, 2013, 12.23 PM IST

Vishal Malkan of malkansview.com recommends selling Adani Enterprises with a stop loss of Rs 183.50 for target of Rs 171 and advises selling Dish TV India with a stop loss of Rs 53.50.

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Vishal Malkan of malkansview.com recommends selling Adani Enterprises with a stop loss of Rs 183.50 for target of Rs 171 and advises selling Dish TV India with a stop loss of Rs 53.50.

Like this story, share it with millions of investors on M3

Sell Adani Enterprises, Dish TV, Reliance Power: Malkan

Vishal Malkan of malkansview.com recommends selling Adani Enterprises with a stop loss of Rs 183.50 for target of Rs 171 and advises selling Dish TV India with a stop loss of Rs 53.50.

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In CNBC-TV18's popular show Bull's Eye, Vishal Malkan of malkansview.com shares his trading strategies for the day.

One can sell Adani Enterprises . Yesterday it broke an important support of Rs 185 with volumes on daily chart. Price has started tagging the lower bollinger band, momentum has entered bearish zone. I recommend a sell with a stop loss of Rs 183.50 for target of Rs 171.

One can sell Dish TV India . In last two days the stock has been hammered from Rs 58 to 50 in the last two sessions with huge volumes, momentum entering bearish zone. I expect it to continue, so for today I have a sell target for a stop loss of Rs 53.50.

One can sell Indiabulls Real Estate . After making a double top at Rs 75 it has broken a trend line as well as a 20 day moving average with huge volumes and hourly charts have entered into bearish zone. I recommend a sell with a stop loss of Rs 66.50 for target of Rs 61.50.

One can sell Reliance Power Futures. It has shown a great resistance at Rs 81 which it has not managed to cross in last few months and shown some bearish patterns on daily as well as weekly charts. The candlestick patterns have been confirmed in the last trading session, so I expect it to continue its down move with a stop loss of Rs 76.50 for targets of Rs 72.

Rokok Kanker