Stock Market Investment for Short Term:Do you want high returns in 3 to 4 weeks by investing money in the market for short term? If yes then you have a good chance. Some fundamentally strong stocks are ready to show a sharp rally within the coming 1 month. Brokerage house Axis Securities has given a list of 3 such stocks, which can become 17 to 20 percent stronger than the current price in the next 20 to 30 days. That means you can invest Rs 10 lakh in the market for a month and earn a profit of up to Rs 2 lakh. The list of these shares includes Aegis Logistics, Laurus Labs and Piramal Enterprises.
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Aegis Logistics
CMP : Rs 911
Buy Range: Rs 895-879
Stop loss: Rs 813
Upside: 17%–20%
Aegis Logistics has made a breakout of the falling channel pattern at the level of 823 on the weekly chart, which may increase the uptrend in the mid-term. This breakout has happened with good volume, which is a sign of increasing participation in the stock. The stock remains above its key short-term and mid-term daily moving averages (20, 50, 100 and 200-day), which is a positive indication. The stock found support at the 38% Fibonacci retracement of the rally from 280 to 970, located at 700, confirming the mid-term support base. Weekly strength indicator RSI is in bullish mode. The stock may soon show a level of 1035-1060.
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Laurus Labs
CMP: Rs 568
Buy Range: Rs 555-545
Stop loss: Rs 513
Upside: 13%–17%
Laurus Labs has made a breakout of the rounded bottom pattern on the weekly chart around the 950 level, which is a sign of an uptrend in the mid-term. At the same time, this breakout has happened with good volume, which is a sign of increasing participation in the stock. The stock is making higher highs and higher lows on the weekly chart, while remaining above the upward sloping trendline. It closed above the weekly upper Bollinger band, indicating buying. Weekly strength indicator RSI is in bullish mode. The share may soon show a level of 624-645.
Sell Alert! Be alert about these 5 shares, weakness can come up to 24% from the current price, brokerage has given SELL and REDUCE rating.
Piramal Enterprises
CMP: Rs 1185
Buy Range: Rs 1160-1138
Stop loss: Rs 1075
Upside: 13% –17%
Piramal Enterprises has made a breakout of the Inverted Head and Soldier pattern at the level of 1140 on the weekly chart, which is a sign of an uptrend in the mid-term. At the same time, this breakout has happened with good volume, which is a sign of increasing participation in the stock. The stock has taken support at the 38% Fibonacci retracement level of the rally from 736 to 1144. At the same time, a short term support zone has been strengthened at the level of 992, and a rapid comeback has been made from this level. Weekly strength indicator RSI is in bullish mode. The share may soon show a level of 1297-1345.
(Disclaimer: The view or advice on the share is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)
