Events have a significant effect on the stock prices and one need to be careful with companies announcing results on Saturday.
It has been observed that if the stock has been in a downtrend for the past few days before the results and if its result happens to be on Saturday, then it is likely to do well on Thursday and Friday due to short covering as short traders will not like to take the risk with good results as it will lead to gaap up opening on Monday.
So, we have spotted this opportunity of HDFCbank which is giving its results on coming Saturday i.e. 17 Apr 21 and we anticipate that the HDFC bank will be in an uptrend on Friday i.e. 16 Apr 21. So, you can buy this stock on Friday morning and make good money in intraday trading.
We love HDFC bank as it has been under bear attack due to it being denied the credit card growth by the regulatory body. So go ahead and make money with HDFC bank tomorrow. You can check our daily sure stock for the day here and not to forget the Best bank Nifty tip for intraday trading here.
Have a look at the HDFC bank chart below and click on the chart to enlarge it.
As a strategy; On such days when you have identified the stock, you should just trade in higher volume by buying intraday and closing the same with profit same day as carrying can be dangerous due to results which can be either side or market may open gap down on Monday.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
