There are two stocks for short term holding from NIFTY 50:-
Reliance
UPL
Reliance
Why trade this stock ?
This stock has consolidated since a very long period of time. It has formed a descending triangle pattern (which is bilateral in nature).
If it gives breakout on the above side, then you can buy above @2040
It has potential after the breakout to reach @2340 in the next couple of week that only depends on the momentum of the breakout almost 15% ROI from the breakout level.
Entry above @2040
Stop Loss @1904
Target @2340
UPL
Why trade this stock?
This stock has been in a downtrend since July-19. Now its showing reversal of it.
The most crucial support level @405 where it has taken multiple time support again the price has taken support and trying to reverse from its initial trend.
If it breaks @507 level then it has the potential to reach @698 levels ROI 38%
Entry @507
Stoploss @444
Target @698
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