Stocks for 19/08/20 Intraday
#BHARTIARTL
#INFY
#SUNPHARMA
#TECHM
#M_M
#HCLTECH
#AUROPHARMA
#ADANIPORTS
#CADILAHC
#IGL
Based on NR7, Volume and Volatility concepts
Results of the Day : 6/10 Stocks gave tradeable moves
1/6 : #M_M
After a Gap up Start of Day, price was rejected at Resistance.
Exit : After a Bullish wick forming candle followed by Bullish candles, trade was closed.
+0.85R profits booked
2/6 : #TECHM
Price tested previous Support and gave good move with Volumes. Trade initiated after Bullish confirmation
Exit : At the End of Day for +1.7R profits
3/6 : #IGL
Lots of bearish wicks in first 20 mins but price still went above. Once it tested Resistance, trade was taken after Bearish confirmation.
Exit : At previous Session's support for
+2R profits
4/6 : #SUNPHARMA
After a Gap up open, price formed Double top at resistance. Short trade was taken after bearish confirmation
Exit : After +2R profits achieved
5/6 : #BHARTIARTL
Best of them all, Price Opened above previous session's resistance. After it tested it twice and confirmed it as Support, Long trade was initiated.
Exit : Price kept on giving Bullish signals by forming long wicks and Strong candles.
+4R profits booked
6/6 : #INFY
Day started by rejection at Resistance. Price however bounced from a possible Support zone. It then bounced again from same zone and formed a wick. This gave a Long Entry
Exit : After +2R targets were reached.
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