Top 5 Stocks that will give 15-20% Returns in a Few Weeks: Expert Views

Top 5 stocks that will give 15-20% returns in a few weeks: Expert Views

Top 5 stocks that will give 15-20% returns in a few weeks: Expert Views

Top 5 Stocks that will give 15-20% Returns in a Few Weeks: Expert Views

Top 5 stocks: After the union budget and the RBI’s monetary policy, the focus will now shift to stock-specific action. Some companies reported their quarterly results and some are waiting for the announcement. We think it is the right time to invest in good companies ahead of its results.

Whereas the experts recommended the top 5 stocks that will give almost 15-20% returns in the coming weeks.

Relaxo Footwears | Buy

The stock is showing healthy signals as the stock traded above the 20-day SMA. While the momentum indicators like 14-day RSI also increased sharply. The technical indicators show positive signals in all aspects. We believe the stock will move further in the coming weeks and we recommend the stock for the short-term at Rs. 870 levels and target for Rs. 990 with a stop loss of Rs. 840 in the stock market.

Besides, the company shares on a weekly chart form Dark cloud cover” candlestick pattern and Pattern – Higher Highs and Higher Low on 05/02/2021.

Poly Medicure | Buy

On Friday, the stock breaks its resistance level at Rs. 530 in the stock market. The main reason for this is higher volumes in the past few weeks. We observe that the stock will move further and the technical indicators showing healthy signals as the stock traded above the 20-day and 50-day SMA.

We recommend the stock for the short-term buying at Rs. 570 levels and target for Rs. 680 with a stop loss of Rs. 515 in the stock market.

DLF Limited | Buy

The company shares on a daily chart formed the Saucer” candlestick pattern, which indicates a strong uptrend in the stock in the coming few weeks. Besides, the momentum oscillator RSI gave fresh calls of the stock. The technical analysis of the stock indicates in favour of bulls. 

We recommend the stock for the short-term buying at the current levels of the market and target for Rs. 350 with a stop loss of Rs. 285 in the stock market.

Bajaj Finance Limited | Buy

The company shares on a weekly chart formed the Saucer candlestick pattern and the recent uptrend resembles a flag breakout. Both these patterns suggest a strong uptrend in the stock in the coming few weeks. Besides, the stock in the daily chart formed a positive directional indicator and the ADX line formed above the 20-day level. 

We recommend the stock for the short-term buying at the current levels of the market and target for Rs. 6,200 with a stop loss of Rs. 5,200 in the stock market.

Tata Steel Limited | Buy

The stock is currently trading at 20-day and 50-day SMA and also formed the higher highs and higher lows pattern. The technical indicators indicate a strong uptrend in the stock in the coming few weeks. Besides, the stock formed a strong bullish candle along with high volumes in the stock market. 

We recommend the stock for the short-term buying at the current levels of the market and target for Rs. 735 with a stop loss of Rs. 660  in the stock market.

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