BEARISH STOCKS FOR MONDAY, 30th AUGUST 2010 – BEATdSTREET August 28, 2010
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BEARISH STOCKS FOR MONDAY, 30th AUGUST 2010 – BEATdSTREET
The following stocks show a certain degree of bearishness on the charts. However, please note that in a upward market, even the most bearish stocks even if they do not sympathetically go up, will at best try to maintain their levels and perhaps sacrifice a southward movement.
Hence in markets such as those described above, trades should be limited to small quantities and the practice of revising stop loss to trail the target should always be implemented.
The following stocks look bearish on their daily charts
ARVIND
ITC
JYOTISTRUCT
SUJANATOW
SMARTLINK
BGRENERGY
TATAELEXI
DISCLAIMER: Investments are subject to market risk and the author of this article accepts and assumes no responsibility whether direct, implied or consequential for any losses or profits that AUGUST accrue as a result of trading the provided calls.
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