- by Stocktry Expert
- 04th Jan 2021
Bet these 3 Stocks for 23-50% Return, and Maintain a Dips Strategy
Nifty just flew upwards, and figured out how to give life high, shutting above urgent psychological levels of 14,000. Simultaneously flat bottom green Heikin-Ashi candles on an every day and week by week time period demonstrate the continuation of the positive trend.
Bank Nifty
As the banking index is trading above marks of 31,000, odds of hitting life significant levels of 32,500 can't be unconcluded. Urgent support is remaining around 30,500.
Bharat Heavy Electricals: Buy Around Rs 37.50 | Target: Rs 56 | Stop Loss: Rs 31 | Upside: 50%
Stock has kept up solid help close to the Rs 31-32 zone and current maintainability over all critical midpoints has improved the inclination. The RSI additionally has demonstrated a pattern inversion signal a purchase. We recommend purchasing this stock around Rs 37.50 for an objective of Rs 56, while keeping the stop loss of Rs 31.
Mahindra and Mahindra: Buy Around Rs 730 | Target: Rs 960 | Stop Loss: Rs 640 | Upside: 31 percent
If the stock closes above Rs 750 levels, it must in the long run head higher towards its underlying reach breakout point of Rs 960. For the present, positional traders are encouraged to purchase around Rs 740 into this counter for an objective of Rs 960, with a stop underneath Rs 640 on closing basis.
Indus Towers: Buy Around Rs 235 | Target: Rs 290 | Stop Loss: Rs 209 | Upside: 23 percent
Scrip sprayed from a low of Rs 224 and framed Hammer candle design. It saw a pullback on the upside and denoted the high of Rs 237 mark after it merged at more elevated levels. Depending on the referenced specialized structure, one can go long in the scrip around Rs 235 for the objective of Rs 290 mark with a stop loss of Rs 209 mark.
