Stocks That Could Bring Solid Profits in the Next Few Weeks-Sanewnetworks
Ideas for making money
While the rapid rise in Covid-19 cases, the associated stricter restrictions and risks associated with rising bond yields have increased volatility in the domestic stock market, analysts say the focus will be on equities in the future. However, here are a few stocks that analysts say promise good money for investors in the short or short term. Check them out.
After a short-term correction, India Cement stocks have formed a higher bottom. The share is currently consolidating in the range of Rs 162 to Rs 170. The stock is consistently gaining support around the 50-day moving average and the structure of the charts suggests that trading above the same uptrend wave is likely to continue in the short term. Therefore, if the stock managed to trade above Rs 162, we can expect another uptrend to 181. Stop loss should be at Rs 162.
After a strong uptrend in stocks, there was a short-term correction. Nevertheless, the mid-term structure of the shares remains positive. The SBI has picked up support near an important retracement level and is currently trading near the 50-day moving average with a strong candlestick formation. The daily and weekly structure suggests that the reversal wave will continue in the near future if it manages to trade above Rs 355, which should be a stop loss. The target should be at Rs 395.
On the weekly charts, after a long time, stocks closed above the Rs 980 resistance, which is generally positive. On the daily charts, the stock has formed a higher bottom near the 50-day SMA, supporting the short-term uptrend. In addition, on the weekly charts, the positive Parabolic SAR series together with the bullish candlestick on the weekly charts also suggest a further uptrend in the near future. The Rs 965 should act as a strong support and stop loss for the stock, while maintaining above that level could lead to Rs 1,075.
The happiest minds
After five months of quiet in February, volumes began to climb rapidly and stocks rose more than 70%, which attracted attention. This was followed by a short phase of consolidation, which seems to be over now. On Thursday, stocks finally managed to explode as we witnessed a 10% rally in sizable volumes. On the recent price chart of this stock, there is a breakout of the bullish flag. We recommend going long around Rs 580 with a target of Rs 655 in the coming days. A strict stop loss can be placed at Rs 542.