Check out the trading strategies with Mudit Goyal, technical analyst, SMC Global
Smartinvestor : The BSE Mid-cap index has done comparatively better than the benchmark indices today. DO you think that the focus is now shifting to the mid-caps? Will this out-performance continue in the days ahead?
Mudit Goyal : I don’t think so that Midcaps can outperform the market. For coming days, selling pressure can continue in Midcaps and Small caps stocks.
Smartinvestor : Are there any mid-cap stocks that one can SELL given their chart patterns?
Mudit Goyal : Bajajfinserv is forming the “Symmetrical triangle” on daily charts and is likely to give the breakdown of support line which shows the bearishness. So one can consider sell for the downside target of 800-780 in near term
Mudit Goyal : Short Enginers ind for the target of 200 and Jain Irrigation for target of 60-58
Smartinvestor : What about Sun Pharma, Hexaware and Unitech?
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