Top Intraday Picks From Geojit BNP Paribas

Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today

SPARC
LTP: Rs 280.4

Action: SELL

Targets: Rs 275 / 271.5

Stop-loss: Rs 288
 

Comment : The momentum oscillators are favoring more selling. MACD has breached the signal line from above. Near to a crucial support of 280 and a breach would accelerate the downside.

Elecon Engineering Company

LTP: Rs 62.15

Action: BUY

Targets: Rs 63.5 / 65

Stop-loss: Rs 60.2
 

Comment : Stochastics and RSI indicatorsare supporting the continuation of the uptrend. MACD has cut the signal line from below and is hinting at more upside.

Cholamandalam Investment & Finance Company

 

LTP: Rs 726.55

Action: SELL

Targets: Rs 706 / 685

Stop-loss: Rs 751
 

Comment: Momentum Oscillators are in theoverbought zone and MACD is showing divergence in daily charts hinting selling pressure.

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