Top 5 Intraday Performers in Indian Market – 08 Dec 2023
1. JSW Steel (JSWSTEEL):
- Intraday Change: +3.08%
- Current Price: ₹844.40
- Technical: Bullish breakout above 200-day moving average.
- Fundamentals: Strong steel demand, positive earnings outlook.
- Potential: Further upside towards ₹850-860.
2. HCL Technologies (HCLTECH):
- Intraday Change: +2.11%
- Current Price: ₹1356.00
- Technical: Bullish flag pattern forming.
- Fundamentals: Robust IT sector growth, favorable currency exchange rates.
- Potential: Upward move towards ₹1370-1380.
3. UPL Ltd (UPL):
- Intraday Change: +1.44%
- Current Price: ₹595.00
- Technical: Bullish engulfing pattern on the daily chart.
- Fundamentals: Improvement in agrochemical demand, positive management outlook.
- Potential: Breakout above ₹600 with potential to reach ₹610-620.
4. NTPC Ltd (NTPC):
- Intraday Change: +1.29%
- Current Price: ₹287.45
- Technical: Forming a bullish cup and handle pattern.
- Fundamentals: Strong financial performance, rising demand for electricity.
- Potential: Upside potential towards ₹290-295.
5. HDFC Bank Ltd (HDFCBANK):
- Intraday Change: +1.13%
- Current Price: ₹1648.80
- Technical: Bullish trend with rising RSI indicator.
- Fundamentals: Strong banking sector growth, positive outlook for interest income.
- Potential: Upward momentum towards ₹1660-1670.
