Looking for the best intraday F&O breakout stocks to trade on Monday, 15th July 2024? This comprehensive analysis highlights Muthoot Finance Ltd (MUTHOOTFIN), Marico Ltd (MARICO), Colgate-Palmolive (India) Ltd (COLPAL), Infosys Ltd (INFY), and Tech Mahindra Ltd (TECHM) as top picks. Each stock is detailed with specific breakout levels, target prices, and stoploss recommendations, providing you with the essential insights needed for effective intraday trading. Discover which stocks to buy on Monday and maximize your trading potential with our expert analysis.
Also Read our Previous Post " Top 3 Breakout Stocks to Buy for Tomorrow - July 10, 2024"
Detailed Chart Analysis, Targets, Entry Levels and Stoploss
Muthoot Finance Ltd (MUTHOOTFIN) share Latest Chart Analysis
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| Muthoot Finance Ltd (MUTHOOTFIN) share Latest Chart Analysis |
- Breakout Above: 1865
- Targets: 1885, 1894, 1925
- Stoploss: Below 1830
Once the stock breaks above 1865, traders can aim for specific target levels to maximize their profits. The initial target is 1885, followed by 1894, and finally 1925. These targets are based on historical price movements and technical analysis, indicating areas where the stock may encounter resistance or take a breather before continuing its upward trajectory. However, it is crucial to manage risk effectively when trading. Setting a stoploss below 1830 ensures that if the stock moves against the expected breakout, losses are minimized. This strategic approach helps traders protect their capital while taking advantage of the stock's potential for gains.
Marico Ltd (MARICO) share Latest Chart Analysis
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| Marico Ltd (MARICO) share Latest Chart Analysis |
- Breakout Above: 655
- Targets: 662, 668, 680
- Stoploss: Below 639
Marico Ltd is poised for a breakout above 655. This stock has shown consistent performance, making it one of the top intraday stocks for Monday. Look for targets at 662, 668, and 680 while maintaining a stoploss below 639.
Also Read, " Poly Medicure Limited (POLYMED) share Latest Targets and Buy Levels"
Colgate-Palmolive (India) Ltd (COLPAL) share Latest Chart Analysis
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| Colgate-Palmolive (India) Ltd (COLPAL) share Latest Chart Analysis |
- Breakout Above: 3070
- Targets: 3100, 3130, 3160
- Stoploss: Below 2969
Colgate-Palmolive (India) Ltd has been demonstrating strong breakout characteristics. With a breakout level set at 3070, traders should target 3100, 3130, and 3160. Keep a stoploss below 2969 to protect your trades.
Infosys Ltd (INFY) share Latest Chart Analysis
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| Infosys Ltd (INFY) share Latest Chart Analysis |
- Breakout Above: 1729
- Targets: 1747, 1765, 1785
- Stoploss: Below 1679
Infosys Ltd, a giant in the tech sector, is set for a breakout above 1729. Traders can aim for targets of 1747, 1765, and 1785. Ensure a stoploss is placed below 1679 to manage any downside risk.
Tech Mahindra Ltd (TECHM) share Latest Chart Analysis
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| Tech Mahindra Ltd (TECHM) share Latest Chart Analysis |
- Breakout Above: 1512
- Targets: 1530, 1545, 1560
- Stoploss: Below 1480
Tech Mahindra Ltd is showing strong signs of a breakout above 1512. This stock should be on your radar for intraday trading, with targets set at 1530, 1545, and 1560. Set a stoploss below 1480 to safeguard your positions.
Conclusion
Trading intraday F&O breakout stocks can be highly rewarding if approached with the right strategy. By focusing on these top picks—MUTHOOTFIN, MARICO, COLPAL, INFY, and TECHM—you can enhance your chances of making profitable trades on Monday, 15th July 2024. Remember to stay informed, follow the breakout levels, and manage your risks with appropriate stop losses. Happy trading!
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