‘Intraday’ Trading Ideas for 11th February Trade 5/5 (1)

Intraday Tips

(1) Nalco:

The stock is trading in a negative trend and the supply in the counter has been consistent. This supply may get accelerated below the immediate support of 58.45.

Trade Date- 11/02/2019

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <58.45 59.35 57.00 56

 

(2) Bank Of Baroda:

The stock made a Bearish Candlestick in the last trading session and is already trading below the 20 and 10 EMA in Hourly Time frame. The selling pressure in the counter may continue below the immediate support of 104.30.

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <104.30 105.10 103.20 102.30

*All levels mentioned are of cash segment.

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Author: Traders' Chowk

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