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

Cipla Ltd (CIPLA) 

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

• RSI is mid-range. RSI is 39.0, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 47.7, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 937

Target 1 = 941

Target 2 = 946

Target 3 = 955

Stop loss = 927

Cummins India Ltd (CUMMINSIND)

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

• RSI is mid-range. RSI is 43.2, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 43.2, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 1004

Target 1 = 1008

Target 2 = 1014

Target 3 = 1024

Stop loss = 994

Endurance Technologies Cn Ltd (ENDURANCE)

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

• RSI is mid-range. RSI is 49.3, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 63.1, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 1195

Target 1 = 1200

Target 2 = 1205

Target 3 = 1217

Stop loss = 1182

Kajaria Ceramics Ltd (KAJARIACER) 

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

• RSI is mid-range. RSI is 37.7, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 42.0, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 974

Target 1 = 978

Target 2 = 983

Target 3 = 990

Stop loss = 965

Raymond Ltd (RAYMOND)

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

• RSI is mid-range. RSI is 42.0, RSI below 30 is considered oversold and above 70 overbought.
• MFI strongly Oversold MFI is 12.6, MFI below 20 is considered strongly oversold. This implies that stock may rebound..

Let’s look the levels:

Buy above = 780

Target 1 = 783

Target 2 = 788

Target 3 = 795

Stop loss = 771

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.