Three stocks for today’s trade are Reliance, Bhartiartl and BPCL. BhartiArtl is compressing a little while staying in an upward moving channel. Yesterday it breaks the high of previous date and ended with flat closing. The upward momentum seems to be intact and the possibility of positive closing can be seen today. BPCL was predicted yesterday and it gave a positive break out but due to market it couldn’t sustain and SL was hit. It seems to be forming a triangle again and would move with the market. Reliance gave a steep downward move yesterday and it gave higher lows […]
Today I have two stocks to trade with. Reliance and BhartiArtl. Trendlines suggests both are having a buying opportunity today if it’s a positive opening. If the supports are broken then there are small trades that can be captured. The support for Bhartiartl is the trendline where yesterday I mentioned for buying and it gave easy 15 points. Being in an uptrend shorting isn’t suggested anywhere. Buying around support is highly recommended with a small stop loss. Reliance seems to moving in a down channel. Presently at the lower trendline. It is good to actually short on upper side.
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 […]
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 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 […]