Intraday & S.Delivery Tips for 8/12/2023
Cash Segment:
| Stock: | Buy Range | Sell Range |
|---|---|---|
| APOLLOTYRE | 432.19 – 440.84 | 471.52 – 480.95 |
| TRENT | 2744.14 – 2799.02 | 2901.96 – 2960.00 |
| GODREJCP | 984.38 – 1004.06 | 1038.22 – 1058.98 |
| SYNGENE | 702.08 – 716.12 | 740.60 – 755.41 |
| SBILIFE | 1407.52 – 1435.67 | 1477.93 – 1507.49 |
Important Disclaimer:
- This information is for educational and informational purposes only and should not be construed as financial advice.
- Trading in the stock market involves inherent risks, and you should always conduct your own research before making any investment decisions.
- The author is not a SEBI-registered analyst, and this information is based on their own research and analysis.
- Please exercise caution and watch for buyer/seller quantity before making any trades.
https://upstox.com/open-account/?f=3DP0
Additional Tips:
- It’s crucial to monitor the overall market sentiment and news flow before making any trading decisions.
- Utilize technical analysis tools and charts to identify potential support and resistance levels.
- Always use stop-loss orders to limit your potential losses.
- Be disciplined and stick to your trading plan.
- Remember, trading can be risky, so always trade responsibly and with caution.
Further Analysis:
- APOLLOTYRE: The stock is currently trading in a range and could potentially break out in either direction. Keep an eye on the overall market sentiment and news flow to determine the direction of the breakout.
- TRENT: The stock is nearing its resistance level. A breakout above this level could lead to further gains. However, if the stock fails to break through resistance, it could pull back to its support level.
- GODREJCP: The stock is currently trading in a consolidation phase. A breakout above or below the current range could signal a potential trend change.
- SYNGENE: The stock has recently formed a double bottom pattern, which is a bullish reversal signal. If the stock can break above its resistance level, it could see further upside potential.
- SBILIFE: The stock is currently trading in a downtrend. However, it is approaching its support level. If the stock can hold above support, it could potentially reverse its downtrend.
Please note that these are just potential scenarios and the actual movement of the stocks may differ. It is important to conduct your own research and analysis before making any trading decisions.
