Trent - Best Intraday stocks for tomorrow 14 Oct 2024 Trent has outperformed Nifty in past days and there is high probability of continuation of its performance.
So for tomorrow in my opinion it will be best for intraday trading but when to trade?
Condition 1- If price falls or opens gapdown then it will best to buy after support creation.
Condition 2- if opens flat or Little gapdown and moves upside towards previous trading sessions resistance then, price should take a halt at resistance levels then it will be good opportunity to buy at resistance break.
Condition 3- if price opens Gapup and creates a selling swing and test previous trading sessions resistance (which may act as a support) then after creating support or W PATTERN price will bounce
Intradayanalysis
Nifty intraday movmentif price sustain above 16230 look for buy side up to 16485
if any 15min candle successfully closes below the level 16230 then look for sell side
once price touches 16485 wait a little and watch.. is price sustaining above this level if not you can look for small correction from 16485
PVR Intraday SetupPVR is moving in a channel on a 30m, 1hr & 2hr timeframe.
It gave and breakdown of channel but then moved up back into the channel with momentum.
Inverted H&S pattern can be seen on place of breakdown.
Buy if you see a momentum.
Targets mentioned in the chart above as horizontal line on the right.
AXIS BANK INTRADAY SETUP FRIDAYAxis Bank simple price-action trade setup for Friday 23 July, if global markets remain bullish tomorrow, can expect good upside momentum.
Keep Trading simple as much as you can.
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