5 Best Shares to Buy Tomorrow for Intraday Trading 12th May 2022

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There are many shares in the list and we selected only 5 best shares to buy. Let’s take a look on every share and research about the share in details.

Siemens Ltd (SIEMENS) 

Siemens is the 1st share from the list of best shares to buy tomorrow for Intraday trading.

• RSI is mid-range. RSI is 43.7, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 55.8, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 2325

Target 1 = 2335

Target 2 = 2350

Target 3 = 2372

Stop loss = 2299

Petronet LNG Ltd (PETRONET) 

Petronet LNG is the 2nd share from the list of best shares to buy tomorrow for Intraday trading.

• RSI is mid-range. RSI is 60.4, RSI below 30 is considered oversold and above 70 overbought
• MACD is above its center and signal Line, this is a bullish indicator.

Let’s look the levels:

Buy above = 214.5

Target 1 = 215.3

Target 2 = 216.5

Target 3 = 218.5

Stop loss = 212.3

IndusInd Bank Ltd (INDUSINDBK) 

Indusind Bank is the 3rd share from the list of best shares to buy tomorrow for Intraday trading.

• RSI is mid-range. RSI is 41.8, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 54.6, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 928

Target 1 = 932

Target 2 = 937

Target 3 = 947

Stop loss = 917

Godrej Consumer Products Ltd (GODREJCP)

Godrej CP is the 4th share from the list of best shares to buy tomorrow for Intraday trading.

• RSI is mid-range. RSI is 49.9, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 51.4, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 786

Target 1 = 789

Target 2 = 793

Target 3 = 800

Stop loss = 779

Cipla Ltd (CIPLA) 

Cipla is the 5th share from the list of best shares to buy tomorrow for Intraday trading.

• RSI is mid-range. RSI is 32.5, RSI below 30 is considered oversold and above 70 overbought.
• MFI oversold MFI is 26.6, MFI below 30 is considered oversold. This implies that stock may rebound.

Let’s look the levels:

Buy above = 941

Target 1 = 945

Target 2 = 950

Target 3 = 959

Stop loss = 931

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Positional Trading

Disclaimer: This is an Educational Initiative and is NOT registered under any SEBI regulations. All the information that we provide is just for Educational purposes and you should consult your financial adviser before taking any investment decision. Also we do NOT provide any form of Stock Tips or Advise on stocks or portfolios. My All Trades Only Education Purpose. All trades will be at your risk. You have the responsibility of any trade or any benefit or loss.