Intraday/S.Delivery Trading Tips for 7th December 2023
Disclaimer: Trade at your own risk. This is not financial advice. Please consult a qualified financial advisor before making any investment decisions.
Cash Segment:
IPCALAB:
- Buy Range: 1083.11 – 1104.77
- Sell Range: 1159.82 – 1183.02
- Technical Analysis:
- Stock is currently trading above its 20-day and 50-day moving averages.
- Relative Strength Index (RSI) is above 50, indicating bullish momentum.
- A breakout above 1183.02 could lead to further upside movement.
BERGERPAINT:
- Buy Range: 557.34 – 568.49
- Sell Range: 590.47 – 602.28
- Technical Analysis:
- Stock is consolidating after a recent rally.
- MACD indicator is showing a bullish crossover.
- A breakout above 602.28 could lead to a fresh wave of buying.
AXISBK:
- Buy Range: 1083.24 – 1104.90
- Sell Range: 1140.03 – 1162.83
- Technical Analysis:
- Stock has been forming higher highs and higher lows for the past few days.
- The Bollinger Bands® are widening, indicating possible volatility.
- A break above 1162.83 could lead to a strong uptrend.
ICICIGI:
- Buy Range: 1398.55 – 1426.52
- Sell Range: 1466.03 – 1495.35
- Technical Analysis:
- Stock is currently trading near its all-time high.
- The Stochastic oscillator is in overbought territory.
- A pullback to the buy range could be a good entry point for long-term investors.
General Tips:
- Always keep your stop-loss orders in place to limit your losses.
- Book profits at regular intervals to avoid giving back your gains.
- Be patient and wait for the right trading opportunities.
- Do not trade with borrowed money.
- Diversify your portfolio across different sectors to reduce risk.
- Manage your emotions and avoid overtrading.
Additional Notes:
- These are just suggestions and not guaranteed to be profitable.
- The market can be unpredictable and move against your expectations.
- Always do your own research before making any investment decisions.
- Be cautious and trade with discipline.
Remember: Trade at your own risk. This is not financial advice. Please consult a qualified financial advisor before making any investment decisions.