Nifty Slips more than 100 points today to close at 18668 levels and Bank Nifty moved more than -100 points and closed at 43617 levels. We have shared The Latest Support and Resistance of Nifty and Ban Nifty in our previous post today. So please follow those levels to get a clear market trend for tomorrow.
We have selected top three stocks which is near the breakout levels. They are Mrs Bectors Food Specialties Ltd, NTPC Ltd and Surya Roshni Ltd. You can consider these stocks for both Intraday and short-term trading. Now let's look in to the latest chart analysis, breakout levels, targets and stoploss for these stocks on Monday.
Mrs Bectors Food Specialties Ltd Buy Above 851
Mrs Bectors Food Specialties(BECTORFOOD) moves almost 1.6% last day and closed at current market price of 850. When we look in to the Chart given below, this stock is trying to break the strong resistance level of 841 to 851 levels on 16th June 2023 and failed. If it can break this resistance levels with good volume, definitely we can see a upside movement of 1%,3% and 5%. So you can decide your target based on your risk. Now when it comes to stoploss, we can consider below 780. Because as we can see in the chart below, 800 to 780 levels is an strong support for Mrs Bectors Food Specialties. Also Read our previous post on " Ram Ratna Wires shares Gains More than 5%"
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| Mrs Bectors Food Specialties Ltd Buy Above 851 |
Support and Resistance Levels for Bectors Food Specialties Ltd
- Breakout Levels above 851
- Stop loss can be considered below 780 to 800
- Targets of 1%, 3%, 5%
- Resistance levels of Bectors Food Specialties is 841 to 851
- Support Levels of Bectors Food Specialties is 780 to 800
- Current Market price is at 850 levels.
NTPC Ltd Buy Above 189
NTPC Ltd moves more than 1% last day and closed at current market price of 186. When we look in to the Chart given below, this stock is trying to break the strong resistance level of 188 to 189 levels and rejection from these levels. If it can break this resistance levels with good volume, definitely we can see a upside movement of 1%,3% and 5%. So you can decide your target based on your risk. Now when it comes to stoploss, we can consider below 182. Because as we can see in the chart below, 184 to 182 levels is an strong support for NTPC Ltd.
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| NTPC Ltd Buy Above 189 |
Support and Resistance Levels for NTPC Ltd
- Breakout Levels above 189
- Stop loss can be considered below 182
- Targets of 1%, 3%, 5%
- Resistance levels of NTPC Ltd is 188 to 189
- Support Levels of NTPC Ltd is 184 to 182
- Current Market price is at 186 levels.
Surya Roshni Ltd Buy Above 860
Surya Roshni Ltd moves almost 1% last day and closed at current market price of 837. When we look in to the Chart given below, this stock is trying to break the strong resistance level of 850 to 856 levels and rejection from these levels. If it can break this resistance levels with good volume, definitely we can see a upside movement of 1%,3% and 5%. So you can decide your target based on your risk. Now when it comes to stoploss, we can consider below 765. Because as we can see in the chart below, 775 to 765 levels is an strong support for Surya Roshni Ltd.
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| Surya Roshni Ltd Buy Above 860 |
Support and Resistance Levels for Surya Roshni Ltd
- Breakout Levels above 860
- Stop loss can be considered below 765
- Targets of 1%, 3%, 5%
- Resistance levels of Surya Roshni Ltd is 850 to 856
- Support Levels of Surya Roshni Ltd is 775 to 765
- Current Market price is at 837 levels.
Conclusion
So, we have seen our Latest Chart Analysis for these three stocks Mrs Bectors Food Specialties Ltd, NTPC Ltd and Surya Roshni Ltd. Mark the resistance levels in your chart and execute the trades above the mentioned levels. You can choose Upstox or Zerodha for the Best trading experience.
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