Best intraday stocks to watch out for on July 25
The Nifty has registered the biggest gain in the last 17 weeks. It formed a sizable bullish candle after May second week.
Nifty has closed in near proximity to the prior swing high of 16794. After 13 weeks, it has also closed above the 20Weekly moving average. Over 10 per cent rally from the June low has changed the trader's sentiment. During the last week, there are some positive technical developments occurred, such as Nifty closed above the 200EMA and 20Weekly MA. The 50 Weekly Moving average (17073) and the 200DMA(17051) are placed at similar levels. Logically, the benchmark index may test these levels in the next week. Before this, the index must face the prior swing high of 16794, which also acted as a support zone several times earlier. For next week, expect that the index may test the 16794-17073 zone of resistance.
The stock has closed above the sloping trendline. It has formed an ascending triangle, closed at the resistance. The stock is trading above the key moving averages. It is above the moving average ribbon along with the MACD line above the zero line. It is also above the 50DMA. The RSI closed above the prior high. The highest volume in recent times shows the fresh buying interest in the stock. The Elder impulse system has formed strong bullish bars. The KST is about to give a bullish signal, and the TSI has already given a buy signal. In short. The stock closed at a crucial level. A move above Rs 3721 is positive, and it can Test Rs 3828. Maintain a stop loss at Rs 3675.
The stock has broken out of the cup and handle pattern with a massive volume. It took support on 50DMA during the handle formation and bounced sharply. It is above the crucial short-term averages. The MACD line is above the signal line and zero line. The RSI is entering a strong bullish zone. The Elder impulse system has formed a strong bullish bar. The KST and TSI indicators are in the bullish setup. It closed above the Anchored VWAP resistance. In short, the stock has registered a bullish breakout. A move above Rs.8660 is positive, and it can test Rs 8863. Maintain a stop loss at Rs 8450.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7555.70 | -82.4 (-1.08%) |
| CAC 40 | 7971.80 | -51.46 (-0.64%) |
| DAX | 17679.48 | -157.92 (-0.89%) |
| Dow Jones | 37775.38 | 22.07 (0.06%) |
| FTSE 100 | 7831.86 | -50.97 (-0.65%) |
| Hang Seng | 16224.15 | -161.72 (-0.99%) |
| US Tech Composite | 15606.50 | -81.87 (-0.52%) |
| Nikkei 225 | 37068.28 | -1011.35 (-2.66%) |
| S&P 500 | 5011.12 | -11.09 (-0.22%) |
| Gift Nifty | 22009.50 | -5.5 (-0.02%) |
| Shanghai Composite | 3065.26 | -8.96 (-0.29%) |
| Taiwan Weighted | 19527.12 | -774.08 (-3.81%) |
| US 30 | 37621.70 | -106.9 (-0.28%) |
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