Best intraday stocks to watch out for on September 15

Best intraday stocks to watch out for on September 15

by 5paisa Research Team Last Updated: Dec 10, 2022 - 05:36 am 15.9k Views
Listen icon

The domestic benchmark indices dramatically recovered from the opening lows. It opened exactly at the prior breakout level of 17771 and it had formed an open=low candle.

During the day, the Nifty moved above the prior day's high and closed marginally lower. Except for the last hour bar, it formed higher high and higher low candles. The index declined by 100 points in the last hour, forming a negative divergence. The Bank Nifty led the recovery rally on Wednesday. It gained almost 1400 points from the day's low. The PSU Bank index rose by 1.74%. However, the decline in IT index put a lid on gains as a result, Nifty ended with a marginal loss, but nearly 230 points up from day's low.

The only concern now is that the index closed below the previous day's low. With this, the MACD histogram flattened. The RSI is still in the strong bullish zone. Technically, there is no change in directional bias. As the weekly expiry is on the cards, some covering trades may influence the trading, and volatility may increase. In any case, after the first hour, trading below 18000 is negative, and it can test 17900. The current weekly close will determine the near-term direction of the index a close above 18045 is positive for the index.


The stock has closed at resistance. It has been trading in a tight-range base for the past 22 days. Trading above the 20DMA and moving average ribbon. The narrowed Bollinger bands suggest an impulsive move is possible. The RSI is near the bullish zone. MACD line is about to cross the signal line for a bullish signal. The Elder impulse system has formed bullish bars. The TSI has given a fresh bullish signal. In short, the stock is ready to register a breakout. A move above Rs 445 is positive, and it can test Rs 463. Maintain a stop loss at Rs 438.


The stock has registered a 19-day breakout with a higher volume. The pattern is like a second base. Currently, it is trading above the key moving averages. The 34EMA acted as support for the cup base. The MACD has given a fresh buy signal, while the RSI is in a strong bullish zone. Importantly, it also retraced above 50% of the recent fall. The Elder impulse system has formed strong bullish bars. The KST and the TSI indicators are also given bullish signals. The stock moved above the Anchored VWAP resistance. In short, the stock broke the bullish pattern. A move above Rs 1530 is positive, and it can test Rs 1590. Maintain a stop loss at Rs 1512. 

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about Marinetrans India IPO?

Net Marinetrans India Ltd was incorporated in the year 2004 and it is engaged in the business of sea freight forwarding. Marinetrans India Ltd started off as a freight forwarder and later expanded to offer Door-to-Door Delivery and 3PL services for the logistics industry.

Net Avenue Technologies IPO GMP (Grey Market Premium)

Net Avenue Technologies IPO opens for subscription on 30th November 2023 and closes for subscription on 04th December 2023.

Warren Buffett Offloads Entire 2.46% Paytm Stake, Faces ₹507 Crore Loss

On November 28, 2023, shares of One 97 Communications, the parent company of Paytm, opened 1% lower following Warren Buffett's move to sell his entire stake in the digital payment giant.