Yesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel
on the other hand, is a very volatile stock and can move 5-6% in intraday, sometimes even 7%. There is a high probability that this stock will move on back of high volatility
tomorrow as it is near the lower part of the price channel
. But if not tomorrow, it will most definitely move in the coming 2-3 sessions and with even higher momentum, so 5-7% returns can be expected intraday. Let's see and let us respect market and let it do its thing and we should do our thing of reacting to it.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market.
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.