3 ‘Buy’ Intraday Trading Ideas for 5th February Trade No ratings yet.

Intraday Tips

(1) Reliance:

Intraday Charts of Reliance shows a strong breakout in second half of the trade. A zoomed in look at hourly charts also displays a Bullish crossover of its 9 and 5 EMA indicating control of bulls over the counter. The stock may again witness a surge in demand above the immediate resistance break of 1297/-.

Trade Date- 5/02/2019

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1297 1288 1305 1315

Also, Check out this post- Top 3 ‘Sell’ Trading Ideas for February Series with Return Potential 8-10%

(2) TCS:

The stock has been showing a bullish bias since last few days. A continuous surge in demand has pushed the prices 5% in the last 10 days and the upward swing may still continue in coming sessions. On Daily charts, it has formed a base at 1800/- odd levels, which indicates bullish reversal taking place in the counter. Intraday traders may initiate fresh longs above the immediate hurdle of 2056/-

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >2056 2047 2066 2076

 

(3)Tech Mahindra:

The stock has formed a long legged Doji in the last Trading session indicating a tug of war between buyers and sellers. However, a close near the top of the day shows the bullish bias in the counter. The immediate resistance for the stock stands at 753/- above which the bulls may again strengthen their presence in intraday.

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >753 747 758 764

*All levels mentioned are of cash segment.

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Author: Traders' Chowk

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