On Tuesday, after opening, the markets experienced a sustained selling pressure throughout the trading day. However, it managed to hold above 10,300 levels. Depending on the market condition, here are top 3 stocks that could give up to 15% return.
It is witnessed that the stock is in long-term uptrend forming. The higher top and higher bottom formation on its weekly chart. In the previous month, it was observed that the stock hit. An all-time high of Rs 250 on good volumes and price. Afterwards, it corrected down to Rs 202 levels on below-average volumes. This indicated that the market participants are holding on to the stock despite the decline. You can buy the stock at current levels and on a dip to Rs 230 with a stop loss below Rs 222. The target price of the stock is Rs 270 levels.
Repco Home Finance Limited
For the last eight months, it is being observed that the stock has been in a decline mode. As per the experts, the last month’s pullback in the stock was unable to sustain above its 200-day moving average. The stock price has continued to hit the 52-week low that confirmed the downtrend. In the previous week, the stock witnessed a decline in high volume with follow-through price action. The stock seemed to break its pivotal low of Rs 549 and closed below. Hence, it is recommended to sell the stock at current levels and on rising to Rs 545. Put the stop loss of Rs 560 for a target of Rs 480 levels.
Power Finance Corporation
From last 9 months, the stock has seen a downtrend. It continued to hit new 52-week low. Currently, the stock price fell below 61.8 percent retracement level of the major up move from Rs 78 to Rs 169 levels. It has come at Rs 113 levels. Ever after this, the price has been trading at lower levels for the last couple of weeks. Hence, you can sell the stock at the current level and on rising to Rs 109. Keep the stop loss of Rs 111 for a target of Rs 95.
To get detailed information on what to buy/sell, you must visit the official website of Money Classic Research or get in touch with the technical analysts of Money Classic Research.