Also Read Our Previous post on " Nifty 50 Intraday Prediction For 24th June 2024, Monday"
Texmaco Infrastructure & Holdings Ltd (TEXINFRA)
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| Texmaco Infrastructure & Holdings Ltd (TEXINFRA) Chart |
Breakout Level: Above 142
Targets: 148, 155, 162
Stop Loss: Below 125
Average Position: Till 130
Texmaco Infrastructure & Holdings Ltd is showing a strong bullish trend with a potential breakout above 142. If this level is breached, look for targets at 148, 155, and 162. To mitigate risks, set your stop loss below 125. The stock has an average position entry till 130, making it an attractive option for intraday traders.
Biocon Ltd (BIOCON)
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| Biocon Ltd (BIOCON) Chart Analysis |
Breakout Level: Above 351
Targets: 358, 363, 368
Stop Loss: 342
Biocon Ltd, a key player in the biopharmaceutical industry, is positioned for an intraday breakout above 351. Hitting this level could propel the stock towards targets of 358, 363, and 368. To protect your investment, implement a stop loss at 342. With its solid market presence, BIOCON remains a compelling choice for intraday trading.
Cummins India Ltd (CUMMINSIND)
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| Cummins India Ltd (CUMMINSIND) chart Analysis |
Breakout Level: Above 3950
Targets: 4000, 4050
Stop Loss: 3855
Cummins India Ltd, renowned for its engineering excellence, is on the cusp of a breakout above 3950. Surpassing this threshold can lead to targets of 4000 and 4050. Ensure your stop loss is set at 3855 to safeguard against potential downturns. With its robust fundamentals, CUMMINSIND is a stock worth monitoring for intraday gains.
Conclusion
Adding TEXINFRA, BIOCON, and CUMMINSIND to your watchlist on June 24, 2024, could provide lucrative intraday trading opportunities. Each stock is poised for a breakout with clear targets and well-defined stop losses to manage risk. Stay informed, and happy trading!
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