Stock Tips For Short Term : Do you have some surplus funds and want to invest it in the market for 3 to 4 weeks to earn good money continuously? If yes, then you have a good opportunity. There are some stocks in the market which have recently seen a breakout. After being stuck in a range for a long time, they have come out of it and now there is a bullish momentum in them. The fundamentals and outlook of these stocks are strong and they are ready to show good growth in the short term.
Brokerage house Axis Securities has also given a list of some such stocks (Stocks to Buy). These stocks (Stock Tips) are looking strong on the technical chart and can give up to 16 percent return in just 3 to 4 weeks. Anyway, the stock market is trading around its all-time high. However, no fresh trigger is seen in the market right now. Market experts believe that until the market sees any positive sentiment afresh, it is a better strategy to follow the stock specific approach.
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ONGC
CMP: Rs 288
Buying Range: Rs 288-283
Stop loss: Rs 275
Upside: 9%–13%
Oil and gas sector company ONGC has broken out of a symmetrical triangle pattern around the level of 283 on the weekly chart, which is an indication of continued uptrend in the stock in the mid-term. At the same time, this breakout happened with a good volume, which means participation is increasing in it. The weekly strength indicator RSI is in bullish mode, which is a sign of buying in the stock. The stock can show a level of 310-323 within 1 month.
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CESC Ltd.
CMP: Rs 168
Buying Range: Rs.166-162
Stop loss: Rs 155
Upside: 11%–16%
CESC is showing a bullish trend on the weekly chart, characterized by higher highs and higher lows, supported by an upward rising channel. Recently, it has taken support at the lower band and is now moving towards the upper band. The stock has successfully broken a minor consolidation zone, which was forming within the rising null between 256 and 135 range. This breakout indicates continuation of the uptrend. Weekly strength indicator RSI is in bullish mode which is a buy signal in the stock. The stock can show levels of 182-190 within 1 month.
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Railtel Corporation of India
CMP: Rs 519
Buying Range: Rs.515-505
Stop loss: Rs 480
Upside: 12%–15%
RailTel has broken out of the consolidation zone pattern between 490-340 on the weekly chart, which indicates that the stock will continue to rise in the mid-term. At the same time, this breakout happened with a good volume, which means that participation is increasing in it. The stock has closed above the weekly upper Bollinger band, which is indicating a buy. The weekly strength indicator RSI is in bullish mode, which indicates a buy in the stock. The stock can show the level of 570-585 within 1 month.
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Emphasis
CMP: Rs 2630
Buying Range: Rs.2600-2548
Stop loss: Rs 2455
Upside: 9%–11%
MPHASIS is trending within a rising channel, which shows that it has found support at the lower band and is moving towards the upper band, indicating an uptrend. On the daily chart, the stock has formed an inverted head and soldier pattern and has successfully broken above the neckline at 2550 levels, indicating the start of a short term uptrend. It is situated above the short and mid term moving averages of 20, 50, 100 and 200 days. The weekly strength indicator RSI is in bullish mode which is a buy signal in the stock. The stock can show levels of 2813-2855 within 1 month.
(Disclaimer: Stock views are given by experts and brokerage houses. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)