Intraday Trading Tips for 12th Sep, 2018

Intraday Trading Tips for 12th Sep, 2018

Symbol

BUY/SELL

Stop Loss

Target

Reasoning

Capital First Limited

Sell Sep Futures Rs 593-597

603.2

580

Stock has witnessed a flag pattern breakdown backed by an uptick in volumes. The stock has shown bearish momentum on the MACD histogram.

Wockhardt Limited

Sell Sep Futures Rs 626.5-630.5

642.7

610

The stock has formed a large bearish candlestick and has witnessed a breakdown below its support levels

Bharat Electronics Limited

Sell Sep Futures Rs 88.6-89.2

90.2

86

The stock has witnessed a breakdown below its support levels and has shown bearish momentum on the daily MACD histogram.

Tata Global Beverages Limited

Sell Sep Futures Rs 216.5-218.5

221

211

The sock has formed a bearish engulfing candlestick and witnessed a breakdown below its support levels..

Oracle Financial Services Software Limited

Buy Rs 4175-4195

4120

4280

The stock is on the verge of witnessing a bullish crossover on the daily MACD histogram and has witnessed a smart uptick in volumes.

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