Introduction:

This article provides a detailed analysis of selected stocks from 22nd March 2021. The discussion includes reasons for choosing specific stocks, their current positions in the market, and strategic considerations for investors. The analysis is based on technical and sequential trading principles, and it is important for readers to consult a financial advisor before making any investment decisions.

1. Selection of Intraday Stocks on 22nd March 2021

On 22nd March 2021, the following stocks were selected for intraday trading:

This analysis can be found in the daily updates of the ">STOCKPICKERZONE Telegram channel. This channel offers free in-depth stock analysis, and its link is provided in the author's bio.

2. Intraday Stock Analysis for 28th April 2021

Stock: HDFC Bank
Date: 28/04/2021
Reason: HDFC Bank is currently trading within a range and is near its resistance zone. If the stock starts trading flat and breaks above the resistance, it is expected to have a good upside momentum. However, if it opens with a significant gap, it should be ignored, and trading should only be considered if a flat open is followed by a strong 15-minute candle above the resistance line. Note the stop-loss should be placed at the low of the closing candle above the resistance.

3. Intraday Stock Analysis for 27th April 2021

Stock: LT (Larsen Toubro)
Date: 27/04/2021
Reason: LT has tested its resistance level multiple times, indicating a potential upside breakout. The stock is range-bound, and a positive closing is expected to generate a good buying momentum. The trading strategy includes letting it open flat and ignoring any significant gaps, even if it does not close above the resistance for that day. The stop-loss should be set at the low of the closing candle above the resistance line.

4. Intraday Stock Analysis for 26th April 2021

Stock: MM (Mahindra Mahwi?ar)
Date: 26/04/2021
Reason: MM has broken out from a descending triangle pattern, and the previous support level is now acting as resistance. If MM opens flat and crosses 775, it is expected to face selling pressure. The trading strategy suggests letting the stock open flat, ignoring any significant gaps, and trading with a stop-loss in place if the price crosses 775.

5. Additional Stock Analysis

Stock: Zee Entertainment (ZEEL)
Reason: ZEEL has formed a trendline in the 1-hour time frame. If the stock breaks and sustains above 200, it could exhibit a significant upside momentum. Key resistance levels are at 208.

Stock: Sun Pharma
Reason: Sun Pharma has broken out of a 15-minute trendline, and the trendline is now acting as a strong resistance. As long as it trades below the trendline, it is expected to face further downside momentum. Despite the continuous performance of the pharma sector, there is a possibility of breaking 631 if the sector underperforms. Volume should be considered for a breakout.

Conclusion

For further analysis and insights, investors are encouraged to follow the ">STOCKPICKERZONE Telegram channel. Continuous updates and discussions are available there to help with strategic trading.

Disclaimer: The information provided is for educational purposes only and not for buy/sell recommendations. It is crucial to consult with a financial advisor before making any investment decisions.