Intraday Stock: Buy RelCapital near 405, Target 411 Stock Oversold

Intraday stock pick is on reliance capital stock, we have seen this stock is right now in oversold region. We may see some bounce in the stock, so we recommend traders to buy relcapital stock near 405 level we have intraday targets as 411 and then 414 levels. Stop loss must be around 402 level. Nifty future is also trading higher hence it may seen that this stock will also participate in rally, today stock is trading higher by about 1.2% more buying must be seen in this stock today. Today’s up-move will be a positive move for the stock in coming trading sessions, If you are positional trader then you can even hold relcapital for target as 430. Slow stochastic indicator on daily chart is oversold and a crossover is visible there, technical analysis is also suggesting up ward momentum.

About Bhaveek Patel

Bhaveek Patel is a technical analyst and investor, his areas of interest includes stock market, forex, gold.

Comments

  1. prakash kakad says

    Mention date of your recommendation to buy or sell stocks. Your site does not show date of recommendation.

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