Axis Securities Selects Three High-Growth Stocks for Short-Term Investment. Potential for 10-22% Growth in 3-4 Weeks; Know the Buying Range, Target, and Stop Loss.
Stock Market: Good news for short-term investors in the stock market! Axis Securities, in its recent technical report, has identified three stocks with the potential to surge by 10% to 22% in the next 3-4 weeks. These stocks have already experienced technical breakouts, and positive changes have been observed in trading volume. Let's explore these stocks in detail.
1. Apollo Micro Systems (APOLLO MICRO)
What's Special?
Shares of Apollo Micro Systems recently broke a downtrend at the ₹120 level, exhibiting a b breakout. This breakout was accompanied by high trading volume, clearly indicating investor interest. The company's shares are now trading above all major moving averages (20, 50, 100, 200 days), signaling strength. Furthermore, the weekly RSI has crossed above the signal line, suggesting further upside potential.
Buying Range: ₹125-₹121
Target Price: ₹141-₹150
Stop Loss: ₹114
Timeframe: 3-4 weeks
2. Bharat Electronics (BEL)
Indicative of a Technical Breakout
Bharat Electronics (BEL) surpassed a medium-term decline at the ₹303 level in late April, followed by a sharp rally. BEL's daily RSI moved above the signal line and followed an upward trending line, creating positive momentum for the stock. Subsequently, a price increase to ₹340-₹349 is anticipated.
Buying Range: ₹313-₹307
Target Price: ₹340-₹349
Stop Loss: ₹295
Timeframe: 3-4 weeks
3. Nazara Technologies
What's Special?
Nazara Technologies shares showed strength by breaking a symmetrical triangle pattern at the ₹1,040 level. This breakout was accompanied by increased volume, indicating interest from larger investors. Simultaneously, the weekly RSI, having taken support from the 46 level, signaled a move above 50, further strengthening the bullish indication. Based on this analysis, the stock is projected to reach ₹1,199 to ₹1,245.
Buying Range: ₹1085-₹1065
Target Price: ₹1199-₹1245
Stop Loss: ₹1013
Timeframe: 3-4 weeks
Points to Consider Before Investing
According to this Axis Securities report, these three stocks may present a good opportunity for short-term investment (3-4 weeks). All stocks have already experienced technical breakouts, with potential gains ranging from 10% to 22%.
