Short-term stocks to purchase: In spite of volatility and unpredictability, the Indian stock market has seen modest improvements. Six equities are suggested by experts for short-term investments, with potential upside of 7–16% expected over the coming weeks.
Short-term stocks to purchase: Despite significant volatility and numerous obstacles, the benchmarks of the Indian stock market, the Sensex and the Nifty 50, are up slightly so far in January. Market confidence is fragile due to a number of factors, including foreign capital flight amid rising US bond yields, uncertainty over the US Federal Reserve's interest rate path this year, worries about President-elect Donald Trump's trade tariff policies, and expectations of disappointing Q3 results.
The Nifty 50 is down about 10% from its peak of 26,277.35 as of the closing of January 7. As the market awaits the Trump factor's development, the results of Q3 profits, and the Union Budget 2025 disclosures, experts predict ongoing volatility.
For the next two to three weeks, Master Capital Services' Vishnu Kant Upadhyay and Choice Broking's Hardik Matalia advise purchasing the six equities listed below. They estimate that they have a 7–16% upside potential over the next two to three weeks. Look at this:
Indian Renewable Energy Development Agency (IREDA) AVP of research and advisory services Vishnu Kant Upadhyay | Prior close: ₹218.72 | Target price: ₹253 | Stop loss: ₹213 | Potential upside: 16%
With prices beginning to make higher highs and higher lows, IREDA is displaying a strong bullish setup, signifying the return of an upward trend.
As trading volumes have increased, prices have surpassed their prior swing high.
With its positive turn, the MACD indicator indicates that the bullish momentum is getting stronger.
The uptrend is further supported by the stock trading above its short- and medium-term moving averages.
The RSI indicates continued purchasing activity without being overbought, as it is still comfortably in bullish zone around 66.
Affle (India) | Goal price: ₹1,900, ₹1,940 | Stop loss: ₹1655 | Potential upside: 12% | Previous close: ₹1,734.05
As prices on the weekly chart consolidate within a pennant formation, indicating a continuation of the current uptrend, Affle stock is showing a potential positive technical outlook.
Interestingly, the volume spike that accompanied the breakout that preceded this formation was a crucial confirmation of the bullish momentum.
Strong involvement is indicated by the rising volume, which strengthens the prediction of an upcoming upward breakout.
In accordance with the price movement, the daily RSI creates an ascending triangle, a bullish continuation pattern.
With no indications of overbought circumstances yet, the RSI's continued strength and increasing purchasing momentum are reflected in its staying above 60.
Firstsource Solutions (FSL) | Prior close: ₹406.75 | Target price: ₹435 | Stop loss: ₹378 | Potential upside: 7% FSL has produced a bullish breakout from an ascending triangle pattern, suggesting that its upward trend will continue.
The stock exhibits a strong bullish bias as it trades far above both its 21-day and 55-day EMAs.
The positive expansion of the MACD histogram indicates strong momentum.
Furthermore, even though it is not yet in overbought zone, the RSI of 71 indicates strong purchasing intent.
Higher volumes accompany the breakthrough, giving the move more conviction.
Hardik Matalia, Choice Broking Apar Industries' derivative analyst | closing price: ₹11,666 | target price: ₹12,300, ₹12,500 | stop loss: ₹10,450 | 7% potential upside
With higher highs and higher lows on the daily chart, Apar Industries is continuing its strong upward trend.
With the help of a notable increase in trading volumes, the stock just broke out of a consolidating range and formed an inverse head and shoulders pattern. Strong bullish momentum is indicated by the RSI, which is at 72.48 and heading upward.
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