Intraday Stocks To Watch Today On 28 September 2022: ZEEL, UBL, HCLTECH

Yesterday Indian market showed good volatility and closed flat. As per technical analysis, the Indices of the Indian markets are in a consolidation period after a sharp fall and negative closings.

The global markets are looking slightly positive; the Asian markets have closed positively, and the US market has also given a positive closing. However, the European markets are looking a bit negative, so the overall sentiments in the market are good.

Here are some intraday stocks to watch today, according to the technical analysis and their current price positions.

HCL Technologies Ltd

This IT stock has been soaring for the past few months; however, in the smaller time frame, it shows signs of a trend reversal from a strong downtrend. Here are the positions of technicals in the 15-minute time frame:

• The stock price is just closed below the major resistance and is expected to follow the upside move while breaking the resistance in today's trading session.
• The price goes up after making a double bottom pattern, showing a trend reversal.
• In the recent trading session, the price of the stocks has given a breakout to 200 moving average and 50 moving average to the upside.

Intraday traders should look for buying opportunities in this IT stock if the overall sector looks positive.

Zee Entertainment Enterprises Ltd

The stock price gave a strong trend reversal from a downtrend in the past few weeks in the larger time frame; however, the stock is looking bearish in the smaller time frame. Here are some of the positions of technicals in a 15-minute time frame:

• The stock price is falling sharply after making a double top pattern and has also given a neckline breakout.
• Currently, RSI is at 60 levels and moving to the downside. The RSI can take resistance in 60 to come down.
• The stock price is below 200 moving average but above 50 moving average.

If the media sector opens negative in today's trading sessions, intraday traders should look for selling opportunities in the stock, keeping a tight stop loss.

United Breweries Ltd

The stock price is consolidating from the past few trading sessions after a strong upside momentum in the larger time frame, and in the smaller time frame, the stock price is showing signs of trend reversal after a fall. Here are the positions of some technicals in a 15-minutes time frame:

• The stock price is making a double bottom pattern and going up rapidly.
• The stock price is very near to a trendline which has been acting as resistance for quite a while and showing a high probability of a breakout from the trendline.
• RSI is currently at 53 levels and is going upside after taking support at 40, which is a bullish sign.

As per the overall sentiments of the market, intraday
traders should look for buying opportunities on this stock while keeping a tight stop loss near the trendline.

Disclaimer

The stock has been picked according to the technical analysis. Greynium Information Technologies and the Author do not encourage anyone to buy or sell any stocks and are not liable for any losses caused by decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.