Investors are relieved today after two consecutive days of decline in the stock market. The market opened at the green mark on Tuesday. However, the threat remains amid the global situation and rising oil prices.
In such a scenario, the question arises, which stocks to invest in where you can get a good profit. We will tell you about three stocks that experts are bullish on. The stock is one of the favorite stocks of HDFC Securities Vinay Rajani, which could see a rebound in the next 2-3 weeks.
Action Construction Company
Shares of this company have been receiving support at the 200-day EMA for the last 6 months. He came out of the short range with a bounce last week. The stock is trading at Rs.
Has crossed the high level of 244. So, its weekly RSI is showing growth momentum. Its weekly MACD indicator has crossed the signal line. The stock is currently trading above all major averages.
It is advisable to buy this stock with a target price of Rs.281. Which is 15 per cent higher than the current price.
The stock recently traded at Rs. Has risen sharply from a low of 919. In this the recovery is recorded with increasing speed and volume. The stock recently surpassed its 200-day EMA.
This indicates that the stock will remain bullish for a long time. The stock has started making higher tops and higher bottoms on the weekly chart. It is advisable to buy this stock with an increase of 12% with a target price of 1334.
The downward sloping trend line breakout is shown on the weekly chart. Share prices have fallen but volumes have risen. The stock is trading at Rs.
Has surpassed the previous peak resistance of 331. Now the stock is above all the important moving average parameters. The stock is looking stronger compared to other banking stocks.
He was given Rs. It is recommended to buy with a target price of 360. In this you can get up to 8% profit.