Nifty Moved more than 100 points today to close at 18716 levels and Bank Nifty moved around 150 points and closed at 44079 levels. So, by seeing the Charts and global clues we can expect a positive market tomorrow.
We have selected top three stocks which is near the breakout levels. They are Bharat Wire Ropes Ltd, KEI Industries Ltd and Intellect Design Arena Ltd. Also all these three stocks posted on Monday have given good profits for all our readers. So chances of breakout for Bharat Wire Ropes Ltd, KEI Industries Ltd and Intellect Design Arena Ltd are high. Let's look in to the latest chart analysis, breakout levels, targets and stoploss for these stocks on Wednesday.
Bharat Wire Ropes Ltd Buy above 189
Bharat Wire Ropes Ltd moves almost 2% today 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 186 to 189 levels and rejection from the 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 175. Because as we can see in the chart below, 175 levels is an strong support for Bharat Wire.
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| Bharat Wire Latest Chart Analysis |
KEI Industries Ltd Buy above 2114
KEI Industries Ltd is now trading at 2105, after moving 1.7% from the support levels as shown in the chart given below. This indicates a reversal from current support levels to 52 week high. So this is a stock you must consider for buying above day high,2114 levels. Also it is above 20,14,9 EMA, which act like a support. You can consider targets of 2170 levels with a stoploss below 2040 levels.
Also Read our previous post on "Breakout Stocks: Buy levels for NAUKRI and IDFC on Tuesday".
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| KEI Industries Ltd Latest Chart Analysis |
Intellect Design Arena Ltd above 610
Now the last one in today's list is Intellect Design Arena Ltd. This stock also moves more than 1% like others and closed at current market price of 605. As shown in the Chart below, the strong resistance range of this stock is 606 to 610 levels. We can expect a move above this level, if its breaks with a good volume. The stoploss for this stock can be considered below the previous support level of 570 to 565 levels. Targets can be considered as 615, 625,635.
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| Intellect Design Arena Ltd Latest Chart analysis |
Conclusion
So, we have seen our Latest Chart Analysis for these three stocks Bharat Wire Ropes Ltd, KEI Industries Ltd and Intellect Design Arena 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.
Please Join Our Telegram channel for the Live Trading Updates of these stocks, Have a profitable day.
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