Stocks for 6 November 2020 are Laurus Lab, Axis Bank, BajFinance, Cipla, HDFC, HDFCBANK and RELIANCE. Markets are bullish and indicators are in overbought positions so trading should be down cautiously today. Better to do trading on levels and candle stick patterns.
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 […]
Yesterday the trendlines were good to trade in all the stocks. There are three stocks which I selected for today. CIPLA, TATAMOTORS and TATAELXSI. Below are the charts with support and resistances. CIPLA was in the list yesterday also and it gave a good move and touched the support trend line. It stayed there and didn’t break. Today it can be a buying opportunity if it sustains above the trendline. Below that it is a sell. The target for bullishness is upper trendlines and for bearishness, we should hold until there is some reversal pattern. Targets upside could be 780/785. […]
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 […]