Stocks to Buy For Short Term : The stock market is once again seen reaching close to its all-time high. Sensex is reaching close to 82000 and Nifty has also crossed 25000. Macro conditions are better at the domestic level, although the possibility of recession in America and tension in the Middle East are negative factors. Market experts believe that until the market sees any positive sentiments afresh, it can remain volatile. In such a situation, experts are advising investors to follow a stock specific approach before getting any positive trigger. Investors should invest in stocks with strong fundamentals.
Talking about the present, there are many stocks that have broken out after a long time and their outlook is also strong. 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 15 to 23 percent return (Stocks to Buy for Short Term) in just 3 to 4 weeks i.e. in the month of April itself.
Premier Energies IPO: This IPO can brighten your portfolio, brokerage gives some big reasons to subscribe, GMP reached 73%
KIMS
CMP : Rs 2478
Buying Range : Rs.2420-2371
Stop loss: Rs 2300
Upside : 8%–13%
Krishna Institute of Medical Sciences has broken out of a rounded bottom pattern at 2356 level on the weekly chart, which indicates continuation of the uptrend in the mid term. This breakout has happened with good volume, which indicates increased participation in the stock. On the weekly chart, the stock is making higher highs and higher lows and is trading above the upward sloping trendline. The stock is trading above its short and mid term moving averages of 20, 50, 100 and 200 days, which is a positive sign. Weekly strain indicator RSI is in bullish momentum. The stock can show the level of 2587-2700 within 1 month.
Zomato: Zomato has given 242% return in 3 years, still a chance to earn, stock expected to rise by 29%
CESC Ltd.
CMP : Rs 189
Buying Range : Rs.185-181
Stop loss: Rs 170
Upside : 14%–18%
CESC is trending within a mid-term rising channel. It has recently found support at the lower band and is now moving towards the upper band, indicating a sustained uptrend. The stock has made a breakout above the small descending triangular pattern at 180 levels within the rising channel on the weekly chart. Which is an indication of an uptrend in the mid-term. This breakout has happened with good volume, which indicates increased participation in the stock. Weekly strain indicator RSI is in bullish momentum. The stock can show a level of 209-216 within 1 month.
Paytm: Stock has fallen 73% from IPO price, now brokerage has issued alert, losses may increase further
Bharat Petroleum Corporation
CMP : Rs 352
Buying Range : Rs.348-341
Stop loss: Rs 330
Upside : 8%-12%
BPCL has broken out of the consolidation zone pattern of 330-273 at 330 level on the weekly chart, which is an indication of an uptrend in the mid-term. This breakout has happened with good volume, which indicates increased participation in the stock. Weekly strain indicator RSI is in bullish momentum. The stock can show the level of 373-385 within 1 month.
(Disclaimer: The views or advice on the stock are given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)
