Top 2 ‘Intraday’ Trading Ideas for 1st February 4.5/5 (2)

Intraday stocks

(1) Dabur:

Intraday Charts of the stock shows a strong volume up move in last hour of Trade and today’s strong up move has pushed the stock above its 9 and 5 EMA in the said time frame. A Bullish crossover of EMAs and a good volume breakout further supports the underlying sentiment in the counter. In a effect, the buying momentum might continue above threshold level of 448.50/-, which is the immediate hurdle for the stock.

Trade Date- 1/02/2019

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >448.50 444 454 457

 

(2) Titan:

The stock has been showing a bullish bias since last few weeks. On Daily charts, it has formed a Cup and Handle Pattern, which indicates bullish reversal taking place in the counter. Already trading at fresh highs , the stock is poised to touch new levels soon. Intraday traders may initiate fresh longs above the immediate psychological mark of 1000/-.

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1000.20 994 1010 1017

*All levels mentioned are of cash segment.

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Author: Traders' Chowk

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