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Day Trading Guide For 23 September 2022: 3 Intraday Stocks To Buy Or Sell Today

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In the most recent trading session, the index of different markets worldwide closed negatively. As per the Nifty 50 Index of the Indian market, it is in overall strong momentum, but in very recent trading sessions, it has shown signs of correction.

 
Day Trading Guide For 23 September 2022: 3 Intraday Stocks To Buy Or Sell Today

On the daily time frame, Nifty 50 has made a candle similar to a spinning top after a little correction which is a sign of trend reversal. After showing weakness for almost a week, the Nifty can move to the upside, but the global sentiment can also move the market to the downside.

Here are 3 intraday stocks you can watch to trade according to a buy or sell moment in the market.

Aarti Industries Ltd.

Aarti Industries Ltd.

The stock chart has shown good upside momentum over the past few weeks and is currently consolidating on the daily time frame. The upside move will likely continue in the upcoming trading sessions. Here is the position of technical indicators on a 15-minute time frame -

• The stock price is making a falling wedge pattern and is on the verge of a breakout.
• RSI is currently above 60 and moving to the upside rapidly.
• The stock price is below the 200 moving average but above the 50 moving average.

As per the technical, the stock can give potential upside move on upside trading sessions, and intraday traders should look for buying opportunities on the stock.

Adani Port Special (ADANIPORTS)
 

Adani Port Special (ADANIPORTS)

Adani group has been surging rapidly to the upside for the past few months, and in the daily time frame, the stock looks bullish; however, in the shorter time frame, the stock is in the correction phase. Here are the positions of technical indicators on a 15-minute time frame -

• The stock price is making a triangle after a small fall; in most cases, the triangle breakout is towards the current trend.

• The stock price is below the 200 moving average and slightly above the 50 moving average. The price has given a breakout to 200, moving the average to the downside, and is going down after retesting it.

• RSI is currently at 57, and it will go upside down; however, it can move from 60 to 70 levels.

The chart of the stock looks slightly bearish on the smaller time frame; however, the Adani stocks usually go up, taking the momentum of the larger time frame. So intraday traders should watch out for sell opportunities on Adani Ports today.

Jubilant Foodworks (JUBLFOOD)

Jubilant Foodworks (JUBLFOOD)

The stock has given a strong trend reversal on the larger time frame, consolidating near the 200 moving average after a breakout on the daily time frame. Here is the position of technical indicators in the 15-minute time frame of the stock -

• The stock price is making an inverted head and shoulders pattern, which shows a high probability of bullish momentum on the stock.

• The price is very near and above the 50 and 200 moving averages, which indicates a possible breakout to the upside.

• RSI is currently at 65 levels and taking support on 40, showing signs of a bullish range shift.

So, per technical indicators, the stock price can take a pullback and go up, or it can go up without pulling it. Intraday traders can watch out for this stock for a possible upside move.

Disclaimer

The stock has been picked accroding to the technical analysis. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.

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