5 Best Shares to Buy Tomorrow for Intraday Trading 4th 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.

CHOLAMANDALAM IN & FIN CO (CHOLAFIN )

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

• RSI is mid-range. RSI is 57.3, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 48.3, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 750

Target 1 = 753

Target 2 = 757

Target 3 = 764

Stop loss = 743

Godrej Properties Ltd (GODREJPROP)

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

• RSI is mid-range. RSI is 46.9, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 41.3, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 1628

Target 1 = 1633

Target 2 = 1644

Target 3 = 1660

Stop loss = 1611

HDFC Bank Ltd (HDFCBANK)

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

• RSI is mid-range. RSI is 42.9, RSI below 30 is considered oversold and above 70 overbought.
• MFI oversold MFI is 25.0, MFI below 30 is considered oversold. This implies that stock may rebound.

Let’s look the levels:

Buy above = 1405

Target 1 = 1410

Target 2 = 1419

Target 3 = 1433

Stop loss = 1390

Shriram Transport Finance Co (SRTRANSFIN) 

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

• RSI is mid-range. RSI is 58.4, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 58.8, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 1235

Target 1 = 1240

Target 2 = 1248

Target 3 = 1260

Stop loss = 1223

Tata Steel Ltd (TATASTEEL) 

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

• RSI is mid-range. RSI is 45.9, RSI below 30 is considered oversold and above 70 overbought.
• MFI is mid-range MFI is 48.2, MFI below 30 is considered oversold and above 70 overbought.

Let’s look the levels:

Buy above = 1300

Target 1 = 1304

Target 2 = 1312

Target 3 = 1325

Stop loss = 1287

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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.