- Date : 21/07/2023
- Read: 2 mins
Don't miss this opportunity! Discover the top 3 stock ideas recommended by experts to capitalise on the Nifty's 20,000 milestone in the next few weeks. Read the article to know more.
The Indian stock market has been on an upward trend, with the benchmark Nifty50 crossing the psychological 20,000 mark. While the trend is positive, experts suggest that profit-taking can’t be ruled out in the near term before we get into the next leg of up move. In this article, we bring you the top 3 stock ideas recommended by experts to invest in for the next few weeks. These stocks are expected to outperform in the coming future and are a great investment opportunity.
- Nifty has touched the psychological barrier of 20000
- Nifty is likely to retrace/ consolidate before moving up
- Nifty has been bullish since April 2023
- Few expert recommended stocks mentioned below
Also Read: Value factor investing or value investing: which one is better?
Nifty Chart (Daily, Weekly)
As is clear from the daily and weekly charts, Nifty has been bullish for the past few months. Experts suggest caution as Nifty crosses 20k mark. Profit-taking can’t be ruled out in the near term. Top 3 stock ideas recommended for the next 3-4 weeks.
Century Textiles
HDFC AMC
Glenmark Pharmaceuticals
The stock is currently trading at INR 752. It is advised to enter the stock at INR 720 with a target of INR 830 and a stop loss of INR 690. The stock has strongly crossed the barrier of INR 720 for the first time after July 2017 on a weekly chart with adequate volume. The RSI is highly bullish at 82.
Also Read: Benjamin Graham school of investing: Identifying 4 Indian Stocks That Tick the Value Investing Boxes
Conclusion:
Stocks are highly volatile and risky. Only individuals with a high-risk tolerance should consider investing in stocks. It is crucial to conduct thorough due diligence and research before investing in any specific shares.
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or tax advice.
Source: moneycontrol.com
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