- Date : 30/11/2022
- Read: 3 mins
Top stocks to take Nifty past 19,000
It is good news for stock investors as the market has been booming lately, with the indices making and breaking records. After a hiatus of 13 months, Nifty finally managed to touch the 18,604 level. As the uptrend continues and the Nifty reaches higher highs, the 19,000 level is near enough.
Related - Check out the stocks that turned volatile in the fourth week of November
In these markets, experts have lined up potential stocks that they believe will take Nifty past the 19,000 mark. Have a look –
1. PVR
Over the last three trading sessions, the PVR scrip has seen buying interest, and its trading volume has increased. The scrip has recently exceeded the last swing high of Rs.1858 to close at Rs.1867. Thus, it’s a favourable time to buy the stock.
2. Aditya Birla Fashion & Retail
The company’s scrip fell from 1st till 18th November, reducing the price by 17%. Currently, the stock is trading at its support level. However, on an hourly basis, the stock has given a bullish crossover and is a good buy.
3. Tinplate Company of India
On a daily chart, the company’s stock presented a bullish hammer candlestick and looks like a favourable buy. The weekly RSI has also recovered, adding strength to the stock’s movement.
4. Reliance Industries
The stock has seen a sharp breakout and increasing volumes on daily charts. The momentum indicator has also seen a positive crossover reaffirming the buy signal.
5. Nippon Life India
Despite corrections in the previous trading sessions, the stock is seeing a bottom formation, and the volume is considerably spiking. A positive divergence is observed, and the MACD indicator has turned bullish, depicting a trend reversal.
6. Larsen & Toubro
The stock is witnessing a strong uptrend as there are higher top and bottom formations across time frames. The RSI indicator has also landed in the 60-zone, which confirms the uptrend.
7. Sun Pharma
Since March 2020, Sun Pharma has continued to perform consistently despite its sector. The momentum is strong, and the stock prices are in an uptrend.
8. State Bank of India
SBI’s stock has been outperforming the stocks of other banks consistently. The prices have been creating fresh highs even though other banks are far off their mark.
You can choose these stocks for your portfolio to get attractive returns. However, make sure that you keep your risk appetite in mind when investing.
Related - Check out the stocks that made news in November's second week
