Based on research, here are top 5 stocks that you must buy. Likely to gain this week. As they are recommended by the experts.
In late October Ashok Leyland marked highs, and now it has remained range bound and has formed a rectangle trading pattern. The stock made an attempt to breakout but suffered a classical throwback. Positive throwback happened on lower volumes. It is observed that the RSI on the Daily Charts. Is marking higher bottoms and inching upwards. You must buy Ashok Leyland at the target of Rs 145.
It is observed that this stock is placed very favourably. When benchmarked against both NIFTY and CNXMETAL. It is seen after a long time. At present, the stocks are testing its minor double top resistance and are attempting to break out from this formation with a resolution of this pattern on the upside. MACD on Daily and Weekly charts remains in continuing buy mode. You must buy Coal India at Target Price of Rs 325
Container Corp of India
The Container Corp of India is observed to remain in a rectangle formation. And within a defined trading range since last several months. In January, it was observed that a breakout was attempted. However, it failed with the stock returning to the original trading range. While taking support on its 200-DMA. RSI on Daily chart is neutral. But is seen breaking out on the upside after taking a pattern support. The stock is placed favourably when benchmarked against the CNX INFRA Index. It is likely to show relative outperformance. Hence, you must buy Container Corp of India at Target Price of Rs 1400.
Ceat has remained under corrective declines. But has attempted to form a base in the 1500-1550 zones. As per experts, few signals have emerged that point towards likely uptick in prices. Stochastic on Daily charts remain in continuing buy mode. Likely, a technical pullback is in this stock. You need to buy Ceat at a target price of Rs 1700.
It is observed that the stock has seen a sharp collective decline over past couple of week. The stock seems to form a potential base in the 1050-1075 range. The stock prices also seem to be advanced. When the bullish candle was formed. It indicated a potential bottom formation. Stochastic remains in continuing buy mode. You need to buy Emami at the target price of Rs 1100.
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