If you are thinking of earning money by investing money in the market in 1 month, then there are some stocks with strong fundamentals, which you can keep an eye on. Due to better sentiment, they can see a good rise in 3 to 4 weeks.
Top Stocks to Invest for Short Term: After the budget, the stock market is once again looking volatile. Selling pressure is being seen in the market. Although the long term outlook of the market is better, but in the short term, pressure may be visible. In such a situation, many investors are running on a stock specific approach for the short term. If you are also thinking of earning money by investing money in the market in 1 month, then there are some strong fundamentals stocks, which you can keep an eye on. Brokerage house Axis Securities has given information about some such technical picks, which may rise or fall in 3 to 4 weeks. These include KEC International Limited, Dwarikesh Sugar Industries Limited, Hindalco Industries Limited and Sun Pharmaceutical Industries.
KEC International
CMP: Rs 526
Boy Range: Rs 526-516
Stop Loss: Rs 485
Upside: 10%-15%
On the weekly chart, the stock has broken out of the multiple resistance zone level of 500 for several years. This breakout is accompanied by significant volume, which indicates that participation is on the rise. On the weekly chart, the stock has formed a series of higher tops and higher bottoms, which is a bullish sentiment. The stock is forming a buying momentum from its 50 and 100 day SMA zones, which shows bullish sentiment in it. Both Daily and Weekly Strength Indicator RSI and Momentum Indicator are in bullish mode. Further strength of up to Rs 576-600 can be seen in the stock.
Dwarikesh Sugar Industries
CMP: Rs 98
Boy Range: Rs 98-94
Stop Loss: Rs 87
Upside: 13%-20%
The stock has formed strong upside momentum. The series of higher tops and higher bottoms on the daily chart indicate bullish sentiment in the stock. The stock has managed to manage the early breakout zone 87 level on the weekly chart. The stock is currently trading near its 20, 50 and 100 day SMA support zones, which indicates a bullish sentiment. Both Daily and Weekly Strength Indicator RSI and Momentum Indicator are in bullish mode. Further strength of up to Rs 108-115 can be seen in the stock.
Hindalco Industries
CMP: Rs 525
Boy Range: Rs 520-510
Stop Loss: Rs 487
Upside: 8%-11%
There is a strong upside momentum in the stock. The stock has broken its 3-week resistance zone on a closing basis. This breakout is accompanied by significant volume, which indicates that participation is on the rise. The stock is currently trading near its 20, 50, 100 and 200 day SMA support zones, which indicates a bullish sentiment. Both Daily and Weekly Strength Indicator RSI and Momentum Indicator are in bullish mode. Further strength of up to Rs 555-570 can be seen in the stock.
Sun Pharma
CMP: Rs 893
Boy Range: Rs 893-877
Stop Loss: Rs 855
Upside: 7%-10%
The stock has managed to break out of its 3- to 5-month consolidation zone (865-735) on the weekly chart. This breakout is accompanied by significant volume, which indicates that participation is on the rise. The stock is currently trading near its 20, 50 and 100 day SMA support zones, which indicates a bullish sentiment. Both Daily and Weekly Strength Indicator RSI and Momentum Indicator are in bullish mode. Further strength of up to Rs 945-970 can be seen in the stock.
(Disclaimer: Stock investment advice is given by the brokerage house. These are not the personal views of The Financial Express. Markets are risky, so take expert opinion before investing.)
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