As the trading day approaches on April 18, 2024, savvy investors are on the lookout for the best intraday stocks that could potentially deliver substantial and profitable returns. Intraday trading, the art of buying and selling stocks within the same trading session, requires a keen eye for identifying the right opportunities.
In this article, we will explore 5 top intraday stocks that are worth considering during the trading session on April 18, 2024.
1. Steel Authority of India Limited (SAIL)
- Sell Signal: Below ₹148.7
- Target Range: ₹147.6 - ₹146.5
- Stop Loss: ₹149.8
2. India Cements
- Buy Signal: Above ₹228
- Target Range: ₹230 - ₹232
- Stop Loss: ₹225.9
3. Campus
- Buy Signal: Above ₹239
- Target Range: ₹241 - ₹243
- Stop Loss: ₹236.9
4. Coal India Limited (COALINDIA)
- Buy Signal: Above ₹454
- Target Range: ₹456.5 - ₹459
- Stop Loss: ₹451.5
5. UPL Limited (UPL)
- Sell Signal: Below ₹483
- Target Range: ₹481.5 - ₹479
- Stop Loss: ₹485.5
These 5 stocks have been carefully selected based on a thorough analysis of market trends, technical indicators, and industry-specific factors. Each stock presents a unique opportunity for intraday traders to potentially capitalize on the market's movements.
It's important to note that intraday trading involves a higher degree of risk and requires a deep understanding of the market dynamics and your own risk tolerance. Before engaging in any intraday trading activities, it's essential to conduct your own research, consult with a financial advisor, and develop a comprehensive risk management strategy.
Remember, the success of intraday trading depends on your ability to make informed decisions, execute trades efficiently, and manage your risks effectively. Stay vigilant, monitor the market closely, and be prepared to make quick and informed decisions on April 18, 2024.