5 Best Shares to Buy tomorrow for Intraday trading 9th August 2021

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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.

HDFC Asset Management Company Ltd (HDFCAMC) 

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

  • RSI is mid-range RSI is 51.3, RSI below 30 is considered oversold and above 70 overbought
  • MFI is mid-range MFI is 31.1, MFI below 30 is considered oversold and above 70 overbought
  • HDFC Asset Management Company Ltd. is trading above it’s 200 day SMA of 2849.7

Let’s look the levels:

Buy above = 2930

Target 1 = 2942

Target 2 = 2960

Target 3 = 2990

Stop loss = 2899

HDFC Life Insurance Company Ltd (HDFCLIFE) 

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

  • RSI is mid-range RSI is 47.7, RSI below 30 is considered oversold and above 70 overbought
  • MFI is mid-range MFI is 49.5, MFI below 30 is considered oversold and above 70 overbought

Let’s look the levels:

Buy above = 675.50

Target 1 = 678

Target 2 = 682

Target 3 = 688

Stop loss = 668

Lupin Ltd (LUPIN) 

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

  • RSI is mid-range RSI is 50.5, RSI below 30 is considered oversold and above 70 overbought
  • MFI is mid-range MFI is 51.2, MFI below 30 is considered oversold and above 70 overbought
  • Lupin Ltd. is trading above it’s 200 day SMA of 1060.8

Let’s look the levels:

Buy above = 1155.60

Target 1 = 1160

Target 2 = 1165

Target 3 = 1176

Stop loss = 1144

Oil India Ltd (OIL)

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

  • RSI is mid-range RSI is 60.2, RSI below 30 is considered oversold and above 70 overbought
  • MFI is mid-range MFI is 62.1, MFI below 30 is considered oversold and above 70 overbought
  • Oil India Ltd.’s price crossed above SMA30 today
  • Oil India Ltd. is trading above all available SMAs

Let’s look the levels:

Buy above = 168

Target 1 = 168.50

Target 2 = 169.50

Target 3 = 171

Stop loss = 166

SBI Life Insurance Company Ltd (SBILIFE)

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

  • MACD is above its center and signal Line, this is a bullish indicator.
  • SBI Life Insurance Company Ltd. is trading above all available SMAs

Let’s look the levels:

Buy above = 1154

Target 1 = 1158

Target 2 = 1164

Target 3 = 1175

Stop loss = 1141

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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