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Delivery based shares for trading on 23/08/2019

Home > Shares for Trading > Delivery based shares for trading on 23/08/2019

Delivery based shares for trading on 23/08/2019

Posted on August 22, 2019 by Kalyan
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Advance / Decline Ratio (ADR):  This is the ratio of number of shares that closed higher than the previous day’s closing price (Advance) or closed lower than the previous day’s closing price (Decline). Simply saying advance means price increase and decline means price of the share is decreased.  Theoretically, a market will be more bullish if more stocks advance than decline and vice versa.

Below is the data showing advance / decline ratio on 22/08/2019.

Market

Advance

Decline Ratio
NSE 238 1,370 0.17

The above data shows the market is in a complete bearish trend because decline is nearly six times than advance. In addition to ADR, NIFTY is in a clear bearish mode – lost 177.35 points compared to the loss of  98.30 points on 21/08/2019. Nifty may come down to 10,629 from the present level of 10,741.35 which will drag most of the shares to bearish mode.  If NIFTY couldn’t sustain at 10,630, it might go down further till 10,435 and the next level of bottom can be 10,340.

Hence Nifty support levels are  10,629 – 10,435 – 10,340 from the present level of 10,741.35

Under this situation trading is risky… highly risky, only high risk taking traders can trade the below shares on 23/08/2019 – by following strict stop loss.  It is advisable NOT to trade but if someone wants to trade with high risk appetite, can go ahead with the following shares. Remember market is not in long mode.

This is nothing but educating our followers…. Knowledge is power and we provide knowledge to our followers. We welcome your comments….. just put your comments in the comment box and we will consider that and publish in our website.

BUY NSE Code Price Target 1 Target 2 Stop Loss

Tata Consultancy Services Ltd

TCS  2,216.00  2,260.00  2,284.00  2,172.00

Tech Mahindra Ltd

TECHM  682.75  695.00  712.00  670.00

 

Disclaimer:  Information provided in this website is free and does not constitute trading advice. These are the possible limits for up and down movement of the scrip.  Traders are requested to do their own analysis & research before making any decision to trade and also advised to get expert opinion before making decisions based on the information provided here.

 

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