Intraday/Short-Term Trading Stocks to add in watch list for 12th July 2023 :- Today am here with top stocks you should consider for Intraday trading for Wednesday, 12th July 2023. We have considered four stocks in our list, they are NLC India Ltd, REC Ltd, Zydus Life sciences Ltd, HDFC Life Insurance Company Ltd. These are the stocks which is about to breakout in coming days. I will explain the entry levels and chart analysis for these stocks.
Also we will look in to the Intraday Support levels, Resistance levels, entry levels and stop loss for these stocks. Also for Short Term holding Higher targets also will be shared, which you can try only for the Equity cash segment. Lets look in to the chart analysis for each stocks, one by one.
Also read our previous post on " Buy or Sell: Olectra Greentech (NSE : OLECTRA) Gets 10,000 Crore Order"
REC Ltd Buy above 170
REC Ltd is the first stock in our list, REC Ltd moves around 2 percent today. Current market price of REC Ltd is trading at 168.80 levels. At the opening level of 167.90, it moves upward to major resistance levels of 169 to 170 and finally it gives a breakout from this levels. Now Share price is just trading below these breakout levels. I recommend that, you can enter above 170 levels to get a targets of 172 and 175. You can consider a intraday stop loss of 166.50. For short term holding, you may consider the stop loss as 164 levels.
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| REC Ltd Intraday Chart analysis |
Support and Breakout levels for Rec Ltd
- Current Market Price at 169
- Breakout above 170
- Major resistance levels are at 169 to 170
- Major support levels are at 166, 164
- Stop loss at 166
- Short Term stop loss at 164
- Targets are 172, 175
Zydus Life sciences Ltd Buy above 594
Zydus Life sciences Ltd is the next stock in our list, which is near to the breakout levels. Zydus Life sciences Ltd current market price is at 584 levels. Today we have seen a sideways upward movement. It moved more than 0.5 percentage. In the morning it has opened slightly higher than yesterday's at 584 and then it made a day high of 594. After that we couldn't see any major movement in this stock. Now as you can see in the Intraday chart for Zydus Life sciences Ltd, we can see a entry level at 594 for a targets of 600 and 605 levels. Stop loss can be considered below 580 levels for both intraday and short term trading.
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| Zydus Life sciences Ltd intraday chart analysis 12th July 2023 |
Support and Breakout levels for Zydus Life sciences Ltd
- Current Market Price at 583
- Breakout above 594
- Major resistance levels are at 588 to 593
- Major support levels are at 580
- Stop loss below 580
- Short Term stop loss below 580
- Targets are 600,605
HDFC Life Insurance Company Ltd buy above 680
HDFC Life share price currently trading at 674, Today we have seen a sideways movement after the slight gap opening at 670 levels. It moved around 1.60 percentage today. After the Gap up opening the price moved to a Intraday high of 685 levels and it slip down to more than 10 points to 674 levels. Now we can see a breakout level above the Major resistance level of 673 to 680 levels. You can expect a target of 686,694 levels for Intraday as well as short term holding too. Now when we talk about the stop loss, you can add 667 for intraday and 659 for short term holding. Yo can check the detailed analysis in the given chart below for HDFC Life.
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| HDFC Life latest Chart analysis for 12th July 2023 |
Support and Breakout levels for HDFC Life
- Current Market Price at 674
- Breakout above 680
- Major resistance levels are at 673 to 680
- Major support levels are at 667,659
- Stop loss below 667
- Short Term stop loss below 659
- Targets are 686,694
NLC India Ltd Buy above 112
NLC India Ltd is the final stock in our watch list for tomorrow. The current market price of NLC India Ltd is at 110. When we look in to the performance of the stock, it opened flat today at 109.80 levels. After that share price moved to a day high of 112. Then from this levels, it moved back to the intraday support levels of 110. Major resistance levels for NLC India is 110.90 to 112 levels, so we can expect a breakout above 112 levels in coming days. Major Support levels for this stock is at 108 level. You can consider the stop loss below this support levels. For Short term holding, same stop loss can be used. See our Detailed chart analysis below.
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| NLC India Chart Analysis for 12 July 2023 |
Support and Breakout levels for NLC India Ltd
- Current Market Price at 110
- Breakout above 112
- Major resistance levels are at 111 to 112
- Major support levels are at 108 to 107
- Stop loss below 108
- Short Term stop loss below 107
- Targets are 113,115
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