- Date : 13/01/2023
- Read: 3 mins
Three top stocks with up to 25% short-term returns
The stock market is volatile, but if you assess the daily charts of the stocks, you can pick out the winners and the losers. Currently, the Nifty index is showing the following movements –
- It has taken support from the Fibonacci retracement level of 50%.
- On daily charts, the index is performing below its 20-day Small Moving Average (SMA)
- The RSI indicator points to a downtrend.
- The immediate and follow-up resistance levels are marked at 18,000 and 18,265, respectively. The corresponding support levels are placed at 17,775 and 17,600.
- The index is expected to stay within the range of 17,775 and 18,000. However, if it falls below 17,775, it might fall further to 17,600.
If you are planning to invest in the market for short-term returns, here are three stock picks that might deliver attractive yields –
PNC Infratech
Compared to the high of Rs.305/share recorded on 12th September 2022, the stock price has broken the record. This indicates a trend reversal towards the upside and invalidates the previous lower lows and lower highs recorded by the scrip.
After attaining the 18-week Exponential Moving Average (EMA), the scrip has recovered. Moreover, the Relative Strength Indicator (RSI) is not falling, indicating a positive momentum.
Hindware Home Innovation
The scrip is trading at an all-time high price, indicating strong momentum. After breaking out from the Cup & Handle pattern, the scrip prices are rising, indicating an uptrend. The stock is trading on the higher side of the Bollinger Band, and the RSI also shows strong momentum on the daily charts.
Rico Autotech
After August 2018, the company's stock prices surpassed the multi-year high level of Rs.86, indicating a bullish run. The prices remained more than the 50-day and 200-day Exponential Moving Average (EMA), further indicating an uptrend boosted by higher volumes. The RSI indicator has also stayed over 60 on both daily and weekly timeframes.
Related - Here are some low-risk stock picks according to experts
These three can be suitable picks if you plan to invest for the short-term horizon and want attractive returns. However, the returns are indicative and do not guarantee stock performance. So, assess the stocks and invest only if they match your investment strategy and needs.
Related - Understand what is a stock market crash and what not to do in such cases.
Check out this video to find out more stocks with potentially high returns.
Source: https://www.moneycontrol.com/news/business/markets/hot-stocks-about-19-25-return-likely-from-pnc-infratech-hindware-home-innovation-rico-auto-in-short-term-heres-why-9855961.html
The stock market is volatile, but if you assess the daily charts of the stocks, you can pick out the winners and the losers. Currently, the Nifty index is showing the following movements –
- It has taken support from the Fibonacci retracement level of 50%.
- On daily charts, the index is performing below its 20-day Small Moving Average (SMA)
- The RSI indicator points to a downtrend.
- The immediate and follow-up resistance levels are marked at 18,000 and 18,265, respectively. The corresponding support levels are placed at 17,775 and 17,600.
- The index is expected to stay within the range of 17,775 and 18,000. However, if it falls below 17,775, it might fall further to 17,600.
If you are planning to invest in the market for short-term returns, here are three stock picks that might deliver attractive yields –
PNC Infratech
Compared to the high of Rs.305/share recorded on 12th September 2022, the stock price has broken the record. This indicates a trend reversal towards the upside and invalidates the previous lower lows and lower highs recorded by the scrip.
After attaining the 18-week Exponential Moving Average (EMA), the scrip has recovered. Moreover, the Relative Strength Indicator (RSI) is not falling, indicating a positive momentum.
Hindware Home Innovation
The scrip is trading at an all-time high price, indicating strong momentum. After breaking out from the Cup & Handle pattern, the scrip prices are rising, indicating an uptrend. The stock is trading on the higher side of the Bollinger Band, and the RSI also shows strong momentum on the daily charts.
Rico Autotech
After August 2018, the company's stock prices surpassed the multi-year high level of Rs.86, indicating a bullish run. The prices remained more than the 50-day and 200-day Exponential Moving Average (EMA), further indicating an uptrend boosted by higher volumes. The RSI indicator has also stayed over 60 on both daily and weekly timeframes.
Related - Here are some low-risk stock picks according to experts
These three can be suitable picks if you plan to invest for the short-term horizon and want attractive returns. However, the returns are indicative and do not guarantee stock performance. So, assess the stocks and invest only if they match your investment strategy and needs.
Related - Understand what is a stock market crash and what not to do in such cases.
Check out this video to find out more stocks with potentially high returns.
Source: https://www.moneycontrol.com/news/business/markets/hot-stocks-about-19-25-return-likely-from-pnc-infratech-hindware-home-innovation-rico-auto-in-short-term-heres-why-9855961.html
