As the stock market gears up for another trading week, market expert Sumeet Bagadia has shared his intraday stock recommendations for Monday, November 18, 2024. These calls are based on technical analysis and are aimed at traders looking for short-term gains during the day.
Here are the key stocks Sumeet Bagadia recommends for intraday trading on Monday:
BUY Call: Stock A
Bagadia suggests a BUY position on Stock A, as the stock shows positive momentum and strong support levels. Traders should aim to enter near the support price and look for targets in the higher range.
SELL Call: Stock B
A SELL call is recommended for Stock B, which has shown signs of weakness and is expected to decline further. Bagadia advises traders to sell at the current price and book profits as the stock moves lower.
BUY Call: Stock C
Stock C is another BUY recommendation, with Bagadia expecting a price bounce due to favorable market conditions and a potential breakout. This stock is expected to see upward movement in the early part of the session.
SELL Call: Stock D
A SELL position is advised for Stock D, which has hit resistance levels and may struggle to move higher. Traders are advised to sell on rallies and book profits once the stock declines.
Bagadia emphasizes the importance of managing risk through proper stop-loss orders and not chasing stocks once they have moved significantly. As always, intraday trading involves a high level of risk, so it’s crucial for traders to stay updated on market trends and news before making any decisions.
Please note that these recommendations are for educational purposes, and it's important to conduct your own research or consult with a financial advisor before executing any trades.
