5 Best Shares to Buy Tomorrow for Intraday Trading 16th August 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.

Bharat Petroleum Corp (BPCL) 

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

  • RSI is 58.9, RSI below 30 is considered oversold and above 70 overbought
  • MFI is 59.9, MFI below 30 is considered oversold and above 70 overbought

Let’s look the levels:

Buy above = 334.5

Target 1 =  336

Target 2 = 337.5

Target 3 = 340.5

Stop loss = 331.5

Hindustan Petroleum Corporation Ltd (HINDPETRO

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

  • RSI is 57.4, RSI below 30 is considered oversold and above 70 overbought
  • MFI is 62.5, MFI below 30 is considered oversold and above 70 overbought

Let’s look the levels:

Buy above = 247

Target 1 =  248

Target 2 = 249.5

Target 3 = 252

Stop loss = 244.5

Reliance Industries Ltd (RELIANCE) 

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

  • RSI is 63.3, RSI below 30 is considered oversold and above 70 overbought
  • MFI is 62.8, MFI below 30 is considered oversold and above 70 overbought

Let’s look the levels:

Buy above = 2640

Target 1 =  2648

Target 2 = 2665

Target 3 = 2690

Stop loss = 2615

State Bank Of India (SBIN) 

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

  • RSI is 62.3, RSI below 30 is considered oversold and above 70 overbought
  • MFI is 64.9, MFI below 30 is considered oversold and above 70 overbought

Let’s look the levels:

Buy above = 531.5

Target 1 =  534

Target 2 = 536.5

Target 3 = 542

Stop loss = 526

SBI Life Insurance Company Ltd (SBILIFE)

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

  • RSI is 67.5, RSI below 30 is considered oversold and above 70 overbought
  • MFI is 69.8, MFI below 30 is considered oversold and above 70 overbought

Let’s look the levels:

Buy above = 1288

Target 1 =  1293

Target 2 = 1300

Target 3 = 1313

Stop loss = 1276

Best Stocks for This Week

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.

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