Buy & Sell Intraday Trading tips for 7th February 5/5 (2)

Intraday stocks

(1) Vodafone Idea:

The stock is trading in a Negative Price Channel since past few weeks and the bears are clearly overshadowing the bulls. The strong supply in the counter may continue to prevail in next Intraday session also, if the immediate support of 29.60/- is taken out.

Trade Date- 7/02/2019

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <29.60 30.10 29.00 27

Also Check out this post- Top 3 Short Term ‘Trading’ Calls that could return 3-10% in February

(2) Bata India:

I have been maintaining a bullish stance on this stock from past few days and stock has significantly gained almost 10% in February 2019. In the last session, the stock broke the immediate ceiling placed at 1200/- odd levels and documented new weekly highs. Intraday traders may look to buy the stock above 1204.10/- levels.

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1204.10 1198 1209 1215

 

(3) Infosys:

The stock has been gaining buyers’ interest since past few weeks and it already trading at fresh weekly highs. IT as a sector has also been strengthening and the demand in the counter may still persist in immediate short term. In Intraday time frame, the immediate pivot resistance stands at 767/- above which fresh longs may be initiated.

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >767 762 773 778

 

*All levels mentioned are of cash segment.

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Author: Traders' Chowk

8 thoughts on “Buy & Sell Intraday Trading tips for 7th February

  1. Hello, i have bought 1000shares of reliance infra today @ 159rs Could u pls Help me shall i keep my position for few days or a month or shall i exit early in the morning tomorrow booking my profit/loss…
    till now with your suggestions i have earned a lot but applying my brains im stuck:(
    Could you guide me pls.

    1. Hi,

      Reliance Infra is looking very weak in short Term/medium term. So, keeping your position for few days-months does not look like a good idea. It is better to exit this position if a bounce back is witnessed in the stock, to your buy price in next 1-4 days.

    1. If your holding period is short term (2-20 days) then you may keep a stop loss at 230 and hold ur position. Below 230/- you may consider exiting , as the stock may further see lower levels.

  2. I have bought 9 EICHER MOTORS @ 20495 on 14 Jan, I have a short term time horizon of 1-3 months at most. What should be my target and stoploss?

    1. You may consider holding Eicher Motors if the stock crosses 20,200 in this week for targets of 21,700-21,900

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