- Date : 06/06/2023
- Read: 3 mins
Have a look at the six stocks picked by experts which are expected to deliver attractive returns to intraday traders. Invest in these stocks and capitalise on their growth potential.
- While the stock market fluctuates constantly, some stocks can deliver considerable returns
- Experts have picked out the top six stocks for today which have the maximum potential for returns
- Some of these stocks include Tata Steel. Sun Pharma, IndusInd Bank, and more.
- Assess these stocks and invest in them if they align with your investment strategy
Market analysts and experts have an in-depth knowledge of how the stock market works. They can assess the fundamental and technical performance of different stocks and predict their movements.
Perhaps this is the reason why intraday traders depend on expert’s calls on different stocks before they invest. If you are also looking for expert stock tips for your intraday trade, here are the top six stocks recommended by experts –
Top stocks for intraday trading
IndusInd Bank
Experts say that the scrip is regularly forming a higher high and a higher low formation on its weekly trend charts. Previously, the stock surpassed its resistance level of Rs.1275 and sustained its growth making it the new support level. The next resistance level is targeted to be Rs.1355. The stock is also performing more than all moving averages.
Also, read - Here are some new-age stocks to consider
Dabur India
Another potential stock is that of Dabur India as it is witnessing a strong buying pressure from its earlier support levels.
Sun Pharma
Sun Pharma can be a good addition to your portfolio since its stock has shown a considerable breakout pattern on technical charts. There is a bullish outlook on the stock and its trading volumes has increased considerably. These factors show a positive momentum which is expected to drive up the stock price.
Tata Steel
The demand for steel is expected to grow considerably in the near future which would boost Tata Steel’s revenue and operating margins. Furthermore, Tata Steel’s scrip has shown favourable breakout patterns on technical charts.
Balkrishna Industries
Experts believe a short-term bounce in the stock price as a short-term reversal pattern is being formed in daily charts. The Relative Strength Index (RSI) of the stock is also increasing intending a price rise.
Bata India
The Bata India scrip is maintaining its support level of Rs.1540 and the daily chart pattern shows the stock price climbing. This could yield good returns in the short term.
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The bottom line
These stocks are good short-term bets and can help you generate a quick return on investment. Do your own research too and then make an informed choice.
Also, read - Know more about circuit breakers in stocks
Source: livehindustan.com
