Breaking News
0

2 'Buy' and 1 'Sell' Trading Ideas for Intraday Trading

By Traders ChowkcallsStock MarketsJan 09, 2019 09:53
in.investing.com/analysis/2-buy-and-1-sell-trading-ideas-for-intraday-trading-200206994
2 'Buy' and 1 'Sell' Trading Ideas for Intraday Trading
By Traders Chowkcalls   |  Jan 09, 2019 09:53
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

(1) ICICI Bank:

The stock has witnessed a strong gap up opening and follows through buying in the last session. A strong open Interest roll over of 18.4% indicates that the momentum is not over yet. The stock is also trading at fresh highs indicating fresh demand in the counter. Prices traversing into uncharted territory often dictates strong buyers in action. Trading such a stock requires precise entry and exit strategies. The immediate resistance for the stock stands at 381.85 above which fresh longs may be initiated.

(2) Canara Bank:

Hourly charts of stock display alternating higher highs and higher lows and a strong trend in place. It has also closed near the highs of the day and display a Bullish Engulfing Pattern on daily charts, too. The intraday Pivot resistance for the stock stands at 290/- and any break above this level may trigger fresh demand in the stock.

(3) Gruh Finance:

The stock has given a strong Breakaway gap from the existing trading range in the last session indicating a shift in underlying momentum.

A breakaway gap displays a major move out of a range or other chart pattern. This type of gaps are also signified with heavy volume as witnessed in this case also. The stock has already dropped 16.60% but still looks overtly weak! Strong support for the stock is placed at 252.90 and any break down below this level may again initiate a panic sell-off in this counter. Fresh shorts may be initiated below 252.90, which is also the immediate support for the stock.

Original Post


*All levels mentioned are of cash segment.

Disclaimer: All views expressed in this site are for reference only. Trading involves substantial risk which may include partial or complete loss of capital. Readers must consult their own investment adviser before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

2 'Buy' and 1 'Sell' Trading Ideas for Intraday Trading
 
2 'Buy' and 1 'Sell' Trading Ideas for Intraday Trading

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Arun Wadhwa
Arun Wadhwa Jan 15, 2019 19:57
Saved. See Saved Items.
This comment has already been saved in your Saved Items
In ICIC which target hit in upper level
Reply
0 0
Arun Wadhwa
Arun Wadhwa Jan 15, 2019 19:57
Saved. See Saved Items.
This comment has already been saved in your Saved Items
In ICIC which target hit in upper level
Reply
0 0
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email