Hot stocks | Three stocks that can give up to 8% return in 3-4 weeks

December has been a historical month for Indian Market with Nifty and BankNifty making record highs.

However, this momentum is unlikely to continue in the last week of the month as we can already see shrinking momentum in Nifty on a daily basis.

It can be said that this growth of the Indian market is not organic but artificial. This rise in Indices can be attributed to the growth in the stocks comprising the Indices. It is also due to the buying pressure from biased buyers who have been buying at market highs and thus pushing the market higher.

Such considerable growth has not been seen in all stocks.

Global markets due to the Christmas break are expected to be range-bound and sideways. We can see a divergence in RSI which will be another major hindrance to the continuation of this momentum.

CESC | Buy | LTP: Rs 741.90 | Target: Rs 800 | Stop loss: Rs 700 | Upside: 8 percent

This stock is consolidating just above the support level and is ripe for the breakout and is expected to rise for the next three weeks.

Hero MotoCorp | Buy | LTP: Rs 2,393.20 | Target: Rs 2,500 | Stop loss: Rs 2,300 | Upside: 4 percent

After witnessing downward trend for a long time, this stock has given trendline breakout. So, it is a great pick for the upcoming three weeks.

Ashok Leyland | Buy | LTP: Rs 80.40 | Target: Rs 86 | Stop loss: Rs 78 | Upside: 7 percent

This stock is consolidating just above the support level and is a very good buy on dips for the upcoming three weeks.