Intraday Trading Strategy – 1

Axis Bank

Buy Axis Bank Above 420.2 Target 1 — 425.2 Target 2 — 430.3 Target 3 — 435.5 Target 4 — 440.8

Stop loss — 415.1

Sell Axis Bank Below 415.1 Target 1 — 410.3 Target 2 — 405.2 Target 3 — 400.2 Target 4 — 395.2

Stop loss — 420.2

 

Intraday Trading Strategy – 2

Tata Motors

Buy Tata Motors Above 346.9 Target 1 — 351.4 Target 2 — 356.1 Target 3 — 360.8 Target 4 — 365.6

Stop loss — 342.2

Sell Tata Motors Below 342.2 Target 1 — 337.8 Target 2 — 333.2 Target 3 — 328.7 Target 4 — 324.2

Stop loss — 346.9

 

Intraday Trading Strategy – 3

Cipla

Buy Cipla Above 540.6 Target 1 — 546.1 Target 2 — 552 Target 3 — 557.9 Target 4 — 563.8

Stop loss — 534.8

Sell Cipla Below 534.8 Target 1 — 529.3 Target 2 — 523.5 Target 3 — 517.8 Target 4 — 512.1

Stop loss — 540.6

 

Intraday Trading Strategy – 4

bharat Forge

Buy bharat Forge Above 819.4 Target 1 — 826.1 Target 2 — 833.3 Target 3 — 840.6 Target 4 — 847.8

Stop loss — 812.2

Sell bharat Forge Below 812.2 Target 1 — 805.5 Target 2 — 798.5 Target 3 — 791.4 Target 4 — 784.4

Stop loss — 819.4

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Axis Bank,Tata Motors,Cipla,bharat Forge based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.