Stocks Trend Lines for 19 Oct 2020 Trade it

Here are few stocks charts for 19 Oct 2020 to trade on. I have selected seven stocks BHARTIARTL, HUL, CIPLA, HDFC, HDFCBANK, ITC, JUSTDIAL for Monday which can be traded. HDFCBANK having positive news can be traded by risky traders. While ITC, BHARTIARTL and CIPLA seem to good for non-risky trades.

Stop-loss is a must. Risk only the amount you can afford to.

 

Bharti Airtel for 19 Oct 2020

Bharti Airtel seems to enter into the channel again with an uptrend line and test again 415/420 levels. It doesn’t seem to break down below for me, but if it breaks then this could go to further down levels to 380/375.

Cipla for 19 Oct 2020

Cipla moving in uptrend channel. It was trading in a range for some time and it will surely give a breakout on Monday which can be traded with keeping the trend lines as support and resistances.

HDFC for 19 oct 2020

HDFC is trading in a range with forming a triangle shape. It may or may not give a breakout. While there is a divergence seen, it is probable that it could give a breakdown. Supports and resistances are drawn for trading.

HDFC Bank for 19 Oct 2020

HDFC Bank is in the news with positive news of good results. RSI is bullish. Buying near the uptrend lines and booking profits can be a good strategy.

Hindustan Unilever for 19 Oct 2020

Hindustan Unilever is trading in a range and would trade in the same manner on Monday as seems by trend lines. 2166.35 being resistance and the support is trend line and 2120.7.

ITC for 19 Oct 2020

ITC is trading in a downtrend channel. It may give a break out which can be traded or trading between the channels is a good idea.

Just Dial for 19 Oct 2020

Just Dial was in overbought zone and is now coming near tren lines. Let’s See where the stock gives opening and that can be traded using these lines.

 

Disclaimer: I am not SEBI registered. These charts are for educational purposes only. Do not treat as advice for investing or trading.