Hot Stocks | KPIT Technologies, SRF, NCC may fetch 13% return in short term
KPIT Technologies is currently trading at its record high, this illustrates that the stock already is in strong momentum. The stock has already shown a breakout of the Cup & Handle pattern which indicated continuation of prior uptrend.
Hot Stocks | Petronet LNG, KPR Mill, GMR Airports Infrastructure can give at least 14% return in short term, here's why?
KPR Mill, which has shown a bullish trend since March 2020, has recently undergone a correction but has not fallen below the 38.20 percent Fibonacci retracement level of the previous upward movement. This suggests a positive sentiment and potential for further upward movement.
Hot Stocks | Usha Martin, Balrampur Chini Mills, Mahanagar Gas may fetch double-digit returns
Balrampur Chini is currently nearing its 3-month's high which tells that the stock already is in strong momentum. The stock in the latest week broke out of Inverse Head & Shoulder pattern, signaling a beginning of the trend to the upside.
Hot Stocks | Bet on PB Fintech, Mahindra CIE Automotive, Shivalik Bimetal Controls for short term
PB Fintech has shown a rebound after testing the neckline of the Cup & Handle pattern, which had given a breakout two weeks prior - a reversal pattern. This breakout is further confirmed by higher trading volumes.
Hot Stocks | Linde India, Finolex Cables, Sonata Software can give healthy returns in short term?
Linde India's correction post April 2022 was structured, with no signs of a Lower Low, Lower High formation. The stock recently broke out of an Inverse Head and Shoulder pattern, signaling a potential reversal and continuation of the prior uptrend.
Hot Stocks | TVS Motor, Siemens, APL Apollo Tubes may fetch 13-16% return in short term
TVS Motor Company prices are nearing an all-time high, which demonstrates the strong upward momentum of the stock. The stock in the latest week has given a breakout from the downward slopping channel which suggest a reversal and a continuation of prior uptrend.
Hot Stocks | Atul Auto, Action Construction Equipment, KPIT Technologies can give at least 15% return in short term, here's why
Atul Auto is trading at an all-time high, which demonstrates the strong upward momentum of the stock. After testing the neckline of a Rounding Bottom pattern, the stock experienced an upward bounce. The breakout occurred on October 10, 2022.
Hot Stocks: KEI Industries, Mahindra CIE Automotive, PNC Infratech can give 13-20% return in short term
PNC Infratech's stock price has broken through its previous swing high of Rs 335 (January 16, 2023), indicating a potential change in trend towards positive side. This move also validates the continuation previous pattern of Higher Highs and Higher Lows.
Trade Spotlight | What's your gameplan for Aegis Logistics, Mahindra CIE Automotive, Coforge?
Mahindra CIE Automotive was the fourth gainer in Nifty500 index, rising nearly 7 percent to end at record closing high of Rs 385 and formed long bullish candle on the daily charts which resembles Bullish Engulfing kind of pattern formation.
Hot Stocks: Here's why 10-17% return possible in Maruti Suzuki, Persistent Systems, Carborundum Universal in short-term
Carborundum Universal took strong support at 20-month SMA and sustaining at 11-month high. This shows overall bullish undertone of the prices.
Hot Stocks: Mrs Bectors Food Specialities, Tata Steel, Persistent Systems can give at least 10% return in short term; here's why
Mrs Bectors Food Specialities is currently trading at 52 week high which tells that the stock already is in strong momentum.
Trade Spotlight | What should you do with JustDial, Adani Green Energy, Triveni Turbine on Tuesday?
Just Dial which saw strong gap up opening and was locked in 10 percent upper circuit at Rs 644.30 and formed long bullish candle on the daily charts with healthy volumes. The stock has given a strong close above 200 DEMA (day exponential moving average - Rs 636) and seen a breakout of downward sloping resistance trend line.
Hot Stocks | About 19-25% return likely from PNC Infratech, Hindware Home Innovation, Rico Auto in short term. Here's why
Rico Auto is currently trading above its multi-year level of Rs 86 which prices have surpassed for the first-time post August 2018. This shows overall Bullish undertone of the prices.
Trade Spotlight | What should you do with M&M, Godfrey Phillips, CG Power and Industrial Solutions on Tuesday?
Mahindra and Mahindra was the biggest gainer among Nifty50 stocks, climbing 3.6 percent to Rs 1,310 and formed healthy bullish candlestick pattern on the daily charts with above average volumes, with making higher high higher low formation for second straight session.
Hot Stocks | Zydus Lifesciences, PFC, Hindustan Zinc may fetch double-digit returns in short term. Here's why
Hindustan Zinc, now has started to get into higher high, higher low formation post October 2021. The stock has shown a bounce to the upside after retesting the Triangle pattern, the breakout was witnessed on November 14, 2022. This confirms the beginning of potential uptrend.
Trade Spotlight | What should you do with IRB Infra Developers, Tata Steel, Jindal Stainless on Tuesday?
IRB Infrastructure Developers shares gained 8 percent to end at record closing high of Rs 314 and formed strong bullish candle on the daily scale with healthy volumes, making higher high higher low for second consecutive session.
Hot Stocks | Bet on Jindal Stainless, Kirloskar Ferrous, SBI for 15-25% return in short term. Here's why
Looking at a broader picture of SBI, Vidnyan Sawant of GEPL Capital observes that the correction post November 2021 the stock did not get into Lower Low, Lower High formation, this shows positive under tone of the prices.
Trade Spotlight | What should you do with Poonawalla Fincorp, Kalyan Jewellers, PNB on Tuesday?
Poonawalla Fincorp surged 14 percent to Rs 280.5 and formed big bullish candle on the daily charts, in fact engulfing both previous red candles, with large volumes. The stock has seen a decisive breakout of big horizontal resistance trend line adjoining February 16 and December 23.
Hot Stocks | Bet on Cipla, UTI AMC, Abbott India for double-digit healthy return in short term. Here's why
Cipla has given a breakout of downward slopping trend line with volume confirmation indicating positive strength of the stock.
Hot Stocks | Hindalco Industries, Apollo Tyres, UltraTech Cement can give 12-19% return in short term, here's why
Hindalco Industries has given a breakout of Ascending Triangle pattern on the weekly time frame. The RSI plotted on the weekly and the daily time frame can be seen placed above the 55 mark, indicating expanding bullish momentum in the prices.
Trade Spotlight | What should you do with Rallis India, Redington, Yes Bank on Tuesday?
Yes Bank remained in focus, rising 7 percent to Rs 21.1, the highest closing level since July 13, 2020. It has seen another large bullish candle on the daily charts with robust volumes, especially after decisively breaking out of long horizontal resistance trend line adjoining August 2, December 2 and December 6 this year.
Hot Stocks | Strong double-digit gains in Redington, M&M Financial Services, Dabur possible in short term. Here's why
Dabur India prices on daily timeframe are continuously hovering around the upper Bollinger Band which tells that the volatility of the prices are rising for upmove.
Trade Spotlight | What should you do with Sharda Cropchem, JK Lakshmi Cement, Finolex Industries on Tuesday?
JK Lakshmi Cement shares jumped more than 10 percent to end at record closing high of Rs 825.35 and formed robust bullish candle on the daily charts with healthy volumes. It has been making higher highs for 10th consecutive session.
Hot Stocks | Persistent Systems, GMR Infrastructure, UltraTech Cement can give 11-19% return in short-term; here's why
Looking at the ratio charts of Persistent against the Nifty IT index, we can spot the stock since mid-2019 has most of the time outperformed the benchmark. Persistent in the latest week has given a breakout from the double bottom pattern, indicating beginning of the trend to the upside.
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