Kunal Shah, Senior Technical and Derivative Analyst of LKP Securities, has suggested three such stocks which can give you good returns in the coming time. Know about these three stocks in detail.
Tata Motors DVR
Expert Shah has preferred Tata Motors DVR as the first stock. Experts have suggested buying at Rs 420. Experts have given the target price of the stock at Rs 450 to Rs 470. To avoid any big loss, the expert has given a stop loss of Rs 400. There are many bullish signs visible in the stock, such as a positive crossover in the momentum indicator RSI on the technical side of the stock. Apart from this, a breakout with a consolidation pattern has been given on the daily chart.
Expert Shah has preferred Canara Bank as the second stock. Experts believe that this stock can be bought at Rs 340. To ensure that the investor does not suffer any major loss, a stop loss of Rs 320 has been given. Rs 375 to Rs 390 has been given as target price. Experts say that if we look at the weekly chart of the stock, there is a possibility of a rapid rise in the stock because a morning star pattern has been seen forming in the stock. Apart from this, the RSI of the stock remains above the level of 60. Is. Which is indicating strength and growth in the stock.
Reliance Industries has been preferred as the third and last stock. Experts believe that this stock can be purchased at the level of Rs 2450. Rs 2400 has been given as stop loss and Rs 2520 as target price. Has been given. There is a buying signal in the stock as a positive crossover has been seen in the stock. On the other hand, a breakout has been experienced on the daily chart of the stock. Which is a good sign for the stock.