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

Kotak Mahindra Bank Ltd (KOTAKBANK)

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

  • RSI is mid-range. RSI is 51.9, RSI below 30 is considered oversold and above 70 overbought.
  • MFI is mid-range MFI is 50.1, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 1785

Target 1 = 1791

Target 2 = 1802

Target 3 = 1819

Stop loss = 1767

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Oil And Natural Gas Corporation Ltd (ONGC)

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

  • RSI is mid-range. RSI is 42.1, RSI below 30 is considered oversold and above 70 overbought.
  • MFI is mid-range MFI is 38.7, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 162.8

Target 1 = 163.4

Target 2 = 164.5

Target 3 = 166

Stop loss = 161

Petronet LNG Ltd (PETRONET) 

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

  • RSI is mid-range. RSI is 62.2, 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

Target 1 = 215

Target 2 = 216

Target 3 = 218

Stop loss = 212

Power Grid Corporation of India Ltd (POWERGRID)

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

  • RSI is mid-range. RSI is 61.7, RSI below 30 is considered oversold and above 70 overbought.
  • MFI is mid-range MFI is 49.3, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 238.5

Target 1 = 239.5

Target 2 = 241

Target 3 = 244

Stop loss = 236

Voltas Ltd (VOLTAS)

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

  • RSI is mid-range. RSI is 31.6, RSI below 30 is considered oversold and above 70 overbought.
  • MFI is mid-range MFI is 30.8, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 1160

Target 1 = 1165

Target 2 = 1171

Target 3 = 1182

Stop loss = 1148

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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.

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