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.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the ...
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the I...
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5...
Read more