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 PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
dear sir
you recommend to buy relcap but on which day shall i execute my trade.
Mention date of your recommendation to buy or sell stocks. Your site does not show date of recommendation.