Best Stocks To Buy: Earn money by investing in 1 month, keep an eye on Bata, Canara Bank Deepak Fertilizers

 


f your investment outlook is short term and you are thinking of making good money by investing money within 1 month, then some stocks are ready to show a boom.

Before the budget, selling pressure is being seen in the market. (image: pixabay)

Before the budget, selling pressure is being seen in the market. Even if there is a rise in the market, then selling is coming from the high level. However, weak global signals are responsible for the weakness in the market, not domestic signals. Now the market is expecting budget announcements. By the way, most experts and brokerages are of the opinion that the long term outlook for the market is better. The market can get a boost from budget announcements. At present, if your investment outlook is short term and you are thinking of making good money by investing money within 1 month, then some stocks are ready to show a boom. Brokerage house Axis Securities has given information about some such technical picks, which may rise or fall in 3 to 4 weeks. These include Bata India Limited, Andhra Sugars Limited, Deepak Fertilizers and Petrochemicals Corporation Limited and Canara Bank.

INDIAN BRICK

CMP: Rs 2080
Boy Range: Rs 2060-2020
Stop Loss: Rs 1910
Upside: 10% -14%

On the Daily Chart, the stock has broken out of Inverse Head and Soldiers Pattern formation on closing basis. This breakout is accompanied by significant volume, which indicates that participation is on the rise. The series of higher tops and higher bottoms on the daily chart indicate bullish sentiment in the stock. 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 2250-2320 can be seen in the stock.

ANDHRA SUGARS LIMITED

CMP: Rs 156
Boy Range: Rs 154-151
Stop Loss: Rs 142
Upside: 11% -17%

The stock has currently formed a series of higher tops and higher bottoms. The stock has managed to maintain its early breakout zone level of 145 on the daily 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 170-178 can be seen in the stock.

DEEPAK FERTILIZERS AND PETROCHEMICALS

CMP: Rs 543
Boy Range: Rs 543-533
Stop Loss: Rs 490
Upside: 12% -16%

The stock has seen a rebound from the support level 162. A rebound near the support zone has been accompanied by significant volume, which is a sign of positive sentiment. 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 600-625 can be seen in the stock.

CANARA BANK

CMP: Rs 239
Boy Range: Rs 235-230
Stop Loss: Rs 215
Upside: 14% -18%

The stock has broken the 3 Year Multiple Resistance Zone 232 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, 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 265-275 can be seen in the stock.

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