Today I have selected three stocks. BHARTIARTL, BATAINDIA and CIPLA.
BhartiArtl has given a breakout upside and yesterday we have seen upside move and downside move similar to nifty. Drawn lines as a channel it may take for an upside move. If it stays inside the channel then it may go to 415 soon. If the channel breaks then it may come to 400 again. Trading using these trendlines will be good.
BataIndia gave a fresh breakout yesterday but couldn’t sustain and reached 1360.50 as low. If the channel breaks then again a fast move can be seen on either side.
Cipla did break the support yesterday, but buying came in immediately and it entered into the channel very fast. If again today breaks the support and comes below 756, I am expecting it to reach till 740.
So these three stocks are in the watchlist for a profitable day today.