Top 3 Intraday Breakout Stocks to Watch for 18 September 2024
Looking to capitalize on tomorrow’s intraday moves? We’ve identified three potential breakout stocks: Cipla, LTI Mindtree, and Oberoi Realty. These stocks have shown promising patterns, making them top contenders for traders aiming to ride the waves of volatility. Here's a closer look:
Cipla: Set for a Breakout?
Cipla, a heavyweight in the pharma sector, has been on the radar due to its recent consolidation phase. With increasing volumes and positive momentum indicators, Cipla seems primed for a breakout. Intraday traders should keep an eye on key resistance levels, as a move above those could trigger a strong upward rally.
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LTI Mindtree: Tech Powerhouse on the Verge
LTI Mindtree is a leader in the IT space, and the stock has been gaining traction after a series of higher highs and higher lows. With strong support at lower levels, a breakout above the resistance could fuel a sharp rally. Traders should watch for any price action above these key levels to enter for potential quick gains.
Oberoi Realty: Real Estate in the Spotlight
The real estate sector has been heating up, and Oberoi Realty is one of the stocks leading the charge. After consolidating for a few sessions, the stock is showing signs of breaking out. A strong move above its recent highs could set the stage for a substantial rally, offering a great opportunity for intraday traders.
Watch this video for a more detailed analysis of these stocks:
Keep a close watch on these stocks and manage your trades with tight stop losses to make the most of tomorrow’s trading session. Happy trading!