1 week ago
Experts Recommend Six Stocks for the Next Two Weeks
Experts have suggested six Indian stocks that could perform well over the next one to two weeks.
The suggestions are based on chart patterns and recent price movements.
Punjab National Bank, Brigade Enterprises and Prestige Estates Projects were recommended by Vishnu Kant Upadhyay.
Hitesh Tailor recommended NMDC, V-Mart Retail and Glenmark Pharmaceuticals.
Each stock has a possible target price and a stop-loss level.
A stop-loss is a price at which investors may consider limiting losses.
The wider market was weak because of concerns about US sanctions on Iran and high oil prices.
The experts said some important market support levels are still holding.
However, they also expect market movements to remain volatile.
Indian stock benchmarks ended lower as weak sentiment persisted ahead of fresh US sanctions on Iran and oil prices stayed above $92 per barrel.
Vishnu Kant Upadhyay said the index remains technically positive while holding above its ascending trendline and 55-day EMA.
Upadhyay recommended Punjab National Bank, Brigade Enterprises and Prestige Estates Projects for the next one to two weeks.
Hitesh Tailor recommended NMDC, V-Mart Retail and Glenmark Pharmaceuticals based on bullish technical patterns.
The recommendations include specified target prices and stop-loss levels, but near-term market volatility is expected to remain elevated.
- Who
- Vishnu Kant Upadhyay of Master Capital Services and Hitesh Tailor of Choice Broking made the recommendations.
- What
- They recommended six stocks for potential short-term trading over the next one to two weeks.
- Where
- The recommendations concern Indian stocks and the Indian stock market.
- When
- The recommendations were presented for the next one to two weeks; the article does not provide a publication date.
- Why
- The analysts cited bullish technical patterns, breakouts, moving-average support and improving momentum in the selected stocks.
Key facts
- Recommended stocks
- Punjab National Bank, Brigade Enterprises, Prestige Estates Projects, NMDC, V-Mart Retail and Glenmark Pharmaceuticals
- Time horizon
- One to two weeks
- Punjab National Bank
- Previous close ₹115.86; targets ₹123 and ₹125; stop loss ₹109
- Brigade Enterprises
- Previous close ₹654.10; targets ₹715 and ₹730; stop loss ₹605
- Prestige Estates Projects
- Previous close ₹1,635.80; targets ₹1,750 and ₹1,785; stop loss ₹1,550
- NMDC
- Previous close ₹85.90; target ₹92; stop loss ₹82.50
- V-Mart Retail and Glenmark Pharmaceuticals
- V-Mart previous close ₹856.55, target ₹940, stop loss ₹810; Glenmark previous close ₹2,390.70, target ₹2,600, stop loss ₹2,250
Quotes
Vishnu Kant Upadhyay
AVP-Research at Master Capital Services
“The index continues to trade above its ascending trendline and has taken support from its 55-day EMA, keeping the broader technical structure positive. On the lower side, the 24000 mark will act as an immediate support or buying zone, while on the higher side, the 24320 mark will act as the nearest resistance.”
livemint.com
“PNB continues to trade above its key long-term EMAs, keeping the broader trend firmly positive. As long as the stock sustains above its short-term moving averages, the current momentum is likely to remain intact.”
livemint.com
Sources
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