There are many ways to pick a stock and to test them during the market hours. In this blog, I post daily best stocks for intraday trading tomorrow (for the next day) which are analysed and based on various factors such as liquidity, volatility and various other factors.
Stocks to look out for tomorrow for intraday trading dated 15-April-2020
| STOCK NAME | COLPAL | ||
| OPEN | 1350 | MONTHLY TREND | UP TREND |
| HIGH | 1383.95 | WEEKLY TREND | LOOKING FOR BREAKOUT IN UPWARD DIRECTION |
| LOW | 1333.40 | DAILY TREND | UP TREND |
| CLOSE | 1354.00 | YESTERDAY TREND | RANGEBOUND |
From the above charts and table, you can clearly see that three Monthly, Weekly, Daily trend shows an uptrend but yesterday’s trend (13-Apr-2020) was in rangebound.
How did the stock given for 13 – April – 2020 perform ?
As you can see that Colpal opened in yesterdays range, it broke in first 15 min but went back to yesterdays range high and it reversed it back to mean price.
That means that buyers and sellers were having same amount of influence on this stock, thus creating a less trading opportunity with its decreasing volume.
The Nifty 50 was also range bound today, so that the stocks selected by me followed the major indexes which is a good signal for trading.
Also their is a high probability that it would Gap – up or Gap – down and break the range that was followed by two days.
I share these type of daily recommendations stocks for intraday trading here on my blog and on my Instagram account, do follow if you found it helpful and thanks for reading…
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