Day trading guide for today: Six stocks to buy or sell on Friday — July 7
₹2382, target ₹2442, stop loss ₹2348. LT share price is trading at ₹2382 levels. On a closing basis, the stock has respected the support levels and hasn't closed below its strong support levels of ₹2350.
LT shares can now progress even further towards all-time high levels and beyond. The strength for the stock to climb upwards is demonstrated by the RSI indicator, which is comfortably trading at 69 levels. The stock is also moving above all important moving averages.
Once stock crosses the level of ₹2390 it can move towards the level of ₹2440 and above. 2] Wipro: Buy at ₹396.20, target ₹406, stop loss ₹388. The stock has bounced from the strong support of ₹380 levels.
Currently stock is moving above 20 and 50 Day EMA. The stock has a small resistance close to ₹402 levels which is also 200 Day EMA. Any dip in the stock can be a buying opportunity.
Once stock crosses the above mentioned resistance stock can move towards ₹406 levels and higher. Momentum indicator RSI is currently around 58 levels indicating strength. Anuj Gupta's buy or sell stocks 3] Tata Steel: Buy at CMP, target ₹119, stop loss ₹109.
Tata Steel share price is on a recovery path from oversold zone. It has formed candle stick pattern on chart that signals uptrend in near term. 4] NTPC: Buy at CMP, target ₹210, stop loss ₹189.
Stock is looking bullish on chart and it has witnessed substantial rise in trad volume as well. Ganesh Dongre's day trading stocks 5] Kotak Mahindra Bank: Buy at ₹1878, target ₹1910, stop loss ₹1845. In the short-term trend, Kotak Mahindra Bank share has a bullish reversal pattern, technically retrenchment could be possible till 1910.
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