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Intraday Trading Breakout Stocks to Buy on Monday, 7th August 2023

Intraday Trading Breakout Stocks to Buy on Monday, 7th August 2023:- Today am back with list of new intraday breakout stocks which you can consider for buying on Monday market. We have 6 breakout stocks in our watch list and we wilL be showing the chart analysis for you get the Entry points, Targets and stoploss. Canfinhomes, Kpittech, Indian Hume Pipes, Sms Pharmaceuticals, wipro and Tilaknagar Industries are the six stocks find Today. All these stocks can be considered for Intraday trading as well as short term holding too, depending on the targets and stop loss given in this blog post. You may like to read our previous breakout stocks posted on August 1. 

Hope you know about intraday trading, it is the trading setup where you shouldn't hold it for the next day. It has to be excited same day before end of the trading hours. And short Term trading where you can carry stocks in your holdings for more than 3 days. Now lets comes in detail on each stock sepratly. 

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KPIT Technologies Shares Buy above 1160

KPIT Technologies Shares Buy above 1160
KPIT Technologies Shares Buy above 1160


KPITTECH is the First stock in our watch list which is near to breakout for Monday. Current market price of KPITTECH is trading at 1146 levels, which is just above the Support level of 1140. Now what we can expect on Monday? If the market open above 1160 levels or cross above the previous day high, then you can buy this stock to get a targets of 1175,1190 levels. Add stop loss below 1140 levels for Intraday.
KPITTECH profits surges by 53 percentage on Q1 results published on Last month. After that it gives a continuous upward movement and I am expecting further movement above these levels.
  • Current market price for KPITTECH is 1146
  • Targets for KPITTECH are 1175,1190
  • Stop loss can be added below 1140 levels.
  • Breakout levels above 1160

INDIAN HUME PIPES Share Buy above 282

INDIAN HUME PIPES Share Buy above 282
INDIAN HUME PIPES Share Buy above 282


Indian Hume Pipes is the second stock in our watch list, which is near to breakout for 7th August 2023. Current market price is at 277 levels. Now you can expect a breakout on Indian Hume Pipes above the previous day high levels of 282. You expect a targets of 289, 300 levels with a stop loss of 259 levels.
When we look in to the quarterly profits, this stock gives a continuous growth from last September 2022 to March 2023. This is a positive sign for Indian Hume Pipes. Still you must follow the stop loss and enter in to this stocks.
  • Current market price of Indian Hume Pipes is at 277
  • Breakout level above 282
  • Targets of 289,300
  • Stoploss for Indian Hume Pipes below 259.

SMS Pharmaceuticals Share Buy above 122

SMS Pharmaceuticals Share Buy above 122
SMS Pharmaceuticals Share Buy above 122


SMS Pharmaceuticals is the third stock in our watch list for Monday. Current market price of SMS Pharmaceuticals is trading at 120. Which is just Below the the day resistance level at 122 levels. So we can expect a breakout above 122 levels, where you can enter to this stock. You can expect a targets of 125, 127, 129 levels with a stop loss of 118 levels. Mark the breakout levels as shown the chart below in your trading view chart before Market hours on Monday.
  • Current market price of SMS Pharmaceuticals is at 120
  • Breakout levels for SMS Pharmaceuticals above 122
  • Targets for SMS Pharmaceuticals are 125,127,129.
  • Stop loss can be considered below 118 levels.

Wipro Share Buy above 410

Wipro Share Buy above 410
Wipro Share Buy above 410


Wipro is the forth stock in our watch list, which you can consider for buy on 7th August. Current market price of Wipro is at 408.85 levels. You can buy Wipro above the breakout level of 410 for a target of 415, 420, 424 with a stop loss of 404 levels. Recently Wipro joined with Pure hands for Sustainable Data center technology. Also we have seen the growth of 5 percentage in sales in quarterly result. This is a positive sign for Wipro. So wait for the above mentioned levels to buy Wipro on Monday.
  • Current market price of Wipro is at 408.85 levels.
  • Breakout levels for Wipro above 410.
  • Latest targets for Wipro are 415, 420, 424
  • Stop loss for Wipro can be considered below 404

Tilaknagar Industries Share buy above 176

Tilaknagar Industries Share buy above 176
Tilaknagar Industries Share buy above 176


Tilaknagar Industries is the fifth stock in our watch list. Current market price of Tilaknagar Industries is trading at 173 levels. We have seen more than 2 percentage movement on this particular stock on last day and closed below the Resistance level. Now if the stock is able to give a breakout above 176 levels with a good volume, then we can expect more upward movement in this stock. We can expect a targets of 178, 180, 183 levels with a stop loss of 172 levels on upcoming day. It was moving in a range and from last 18th own wads, we may get Breakout on upcoming week.
  • Thilaknagar Industries current market price is 173
  • Breakout levels above 176
  • Intraday targets are 178,180,183
  • Stop loss can consider below 172

Can fin homes Short Term Buy above 740

Can fin homes Short Term Buy above 740
Can fin homes Short Term Buy above 740


Can fin homes is the Bonus stock in our list for short term Buy. Why I am considering this stock as Bonus stock pick for day because, it is above the major Support range on 725 to 710 levels. You can enter in to this stock above 740 levels for short term targets of 751, 760, 775, 785, 800 levels with a stop loss of 710.  Can fin homes gives continuous fall from the 52 week high of 909 levels. Now it took the support level , so we have considered this stock for short term buying. 
  • Current market price of can fin homes is at 733
  • Breakout levels above 740
  • Targets for can fin homes are 751,760,775,785,800
  • Stop loss for can fin homes is below 710.

Conclusion

So we have seen the 6 intraday stocks near breakout which can be added in to the watch list. We have seen the latest targets, breakout levels and stop loss for each stock separately. Mark those levels in your chart and wait for the levels to get active. All the levels given here are for study purpose and Trade at your own risk.

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