Yesterday we have seen bulls in the Indian Market following the Positive Global clues. The Nifty moves almost 0.25% upside and closes above 18600 levels. Also Sensex closed above 100 points at 62725 levels. When we look in to the sector wise market, we have seen buy in "reality", IT, energy, telecom stocks.
Now we will come to our stocks considered for today's market, it includes IDFC and Info Edge (India) Ltd. Naukri moved over 3% yesterday and closes at 4268 levels and IDFC moved more than 1% and closed at 102.55 levels. Lets' do the chart analysis and breakout levels for each stocks separately. Please check our post on Delta Corp Chart analysis which moved 4% yesterday.
Naukri Breakout above 4310 levels
Naukri is trading at range for last 12 days and we can see a breakout soon from this level. After getting a huge 3% movement with huge volume can give more upside above the strong resistance levels of 4265 to 4310. If it gives a breakout above this, you can buy this stock in cash delivery or enter in to the risky options too. Consider options with good volume and liquidity. Short term traders can expect targets of 4380,4450. Stoploss for this buy levels will be 4000 and for intraday traders must add stoploss based on their risk and your position size.
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| Naukri Breakout above 4310 levels |
From this chart, you can see that stock is above 20,14,9 EMA's indicates that bullish movement in this stock. These EMA's can act as good supports.
Also read our previous post on "Breakout Levels: What will happen next for TRENT, UJJIVANSFB, OLECTRA on Monday"
IDFC Buy above 103
Second breakout stock in our list is IDFC ltd. IDFC is at a good support levels as marked in out chart given below. 100 to 101 is a good support level for this stock. We can see that, yesterday it took that support and now its near to the breakout levels of 102 to 103. So according to our Analysis, you can buy at a price above 103 for a targets of 105,107. Also, the price above 20,14,9 EMA's indicates that bullish movement for Today. Stoploss can be considered below 98. Also don't forget to join our telegram channel for free intraday calls and live updates.
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| IDFC Buy above 103 |
Conclusion
We have seen the breakout buy levels for IDFC and Info Edge (India) Ltd above with Targets and stoploss for Today, June 2023. Please Mark the above Latest chart levels and wait to trigger the price to enter in that trade. All the stocks posted above are only for learning purposes. Always trade with stoploss, so that you can limit your losses.
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