1 month ago
Experts Recommend Stocks for Short-Term Gains
Experts are recommending several stocks for short-term investment.
The market showed some positive signs, but there are also risks like tensions between the US and Iran, and changes in oil prices.
They suggest buying stocks like Sona BLW Precision, Colgate Palmolive, Emcure Pharmaceuticals, Punjab National Bank, Home First Finance Company India, and JSW Steel.
Each stock has specific buy and target prices, along with stop-loss levels to manage risk.
Nifty 50 ended lower on Monday, 20 July, but showed positive signs by respecting the support of 24,200.
Experts recommend buying stocks like Sona BLW Precision, Colgate Palmolive, Emcure Pharmaceuticals, Punjab National Bank, Home First Finance Company India, and JSW Steel for the next 1-2 weeks.
Sona BLW Precision is recommended for its aggressive, high-momentum price action with a target price of ₹784.
Colgate Palmolive is recommended for its strong bullish breakout pattern with a target price of ₹2,320.
Punjab National Bank is recommended for its decisive breakout above a falling trend line with target prices of ₹122 and ₹126.
- Who
- Experts Sumeet Bagadia and Vishnu Kant Upadhyay
- What
- Recommendations for short-term stock investments
- Where
- Indian stock market
- When
- Next 1-2 weeks
- Why
- Positive market signs and technical analysis
Bullish Outlook
Bearish Outlook
Market Performance
Bullish Outlook
Experts see positive signs in the market as long as the Nifty 50 remains above its 21-day EMA, indicating buying opportunities.
Bearish Outlook
Escalating US-Iran tensions, crude oil price volatility, and the rupee's weakness pose risks that could drive the Nifty 50 lower.
Key facts
- Nifty 50 Closing
- 24,238
- Nifty 50 Intraday Low
- 24,136
- 21-day EMA
- 24,090
- Resistance Levels
- 24,500-24,600
- Support Level
- 24,080
Quotes
Vishnu Kant Upadhyay
AVP- Research at Master Capital Services
“"Despite closing in the red on Monday, positive texture is still intact as prices are finding strong buying from lower levels. As long as prices are trading above 21-day EMA, which aligns near 24090, every dip close to that level will provide an opportunity to create fresh long positions"”
livemint.com
“"Price action continues to display a well‑defined higher high, higher low structure, reflecting a robust uptrend. RSI is holding near 60, indicating sustained buying strength and the potential for further upside"”
livemint.com
Sources
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