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 is a monthly expiry and I have selected three stocks for today, SBILIFE, Reliance and Justdial. Justdial seems to rest on a support trendline which can be a buy option. If breaks the support trendline then sell. Reliance is trying hard for sustaining 2000 and making it a strong support zone but the strength seems to be decreasing and it would break this mark today. Sustaining this which seems very difficult to me will take the price to upper trendline which could be around 2025 and above that it can be a breakout and strong buying can be seen […]
Three stocks for today. BPCL, VEDL and RELIANCE. BPCL is moving in a bullish channel. Yesterday it opened with a huge gap up and then it again entered into the channel. Buying is seen at the channel support trend lines. Buy trade will have a good chance of profitability with support or stop loss of 345. The target can be 355/360 for intraday if stayed within the channel. Reliance seems to be making Higher Lows in 15 Mins Time frame. While it is moving in the downwards channel, it will be a good opportunity to short at the upper trend […]
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.