Here are 3 stocks buy advice for the next 3-4 weeks
For the last one week, the outlook of the indices has been bullish. This means that the market can be bullish in the medium to long term. However, during this period some correction can also be seen in the short term. The short term support levels for Nifty are 15,374 and 15,147. On the upside, the resistance level of Nifty is seen at 15,800. Soon Nifty can go to the level of 15,986 and 16,687.
Vinayan Sawant, Technical Research (AVP), GEPL Capital believes that the market will remain bullish in the long term but there may be some profit-booking in the short to medium term. If Nifty goes below the level of 15500, then it can fall to the level of 15347-15145.
Here is a buy recommendation for 3 stocks for the next 3-4 weeks.
Infosys
Last Trading Price (LTP): 1424.25
Target Price: Rs 1795
Stop Loss: 1311
Return: 26%
Looking at the chart of last one month, this stock has maintained its bullish mode. In this, the chart of Higher Top Higher Bottom has been made. If we look at it on the weekly chart, this stock has taken support of 20 weeks SMA and now it is showing positive sentiments.
Infosys has resistance levels of Rs 1540, Rs 1681 and Rs 1795. During this, the levels you have to keep an eye on are 1311 and 1231. You can buy this stock with a target of 1540. After this, the target of Infosys can be 1681 and 1795.
Last Trading Price (LTP): 1786
Target Price: Rs 2058
Stop Loss: 1712
Return : 15% From
July 2020 onwards, Deepak Nitrate shares have made higher top higher bottom on the chart in Monthly timeframe. After touching an all-time high of Rs 1988 in May 2021, its shares fell to the level of Rs 1712 per share. The support level of Deepak Nitrate is 1428-1988, after which the shares had risen.
HCL Tech
Last Trading Price (LTP): 968.25
Target Price: Rs 1157
Stop Loss: 890
Return : 19%
HCL Tech is forming a higher top and higher bottom pattern on the Daily, Weekly and Monthly charts. This shows that the company’s shares will continue to rise in the medium to long term.
If you look at the daily chart, it will be known that the company’s shares have bottomed out from the level of 900. The resistance level of HCL Tech is currently seen at 1067. After breaking this level, the next resistance level is 1157.
The key support levels for HCL Tech shares are 890 and 800. You can buy HCL Tech shares with a target of 1067. After completion of this target, the next target can be 1157.
The resistance level of Deepak Nitrate is currently seen in 1988 and 2058. Its important support levels are 1712 and 1533. You can buy it with the target of 1988, after which the next target can be 2058.
