Trade in Equity at₹0 Brokerage with Ultra Trader Pack
Resend OTP
OTP sent successfully on your mobile no
Mobile No. belongs to
By proceeding, you agree to the T&C.
Every morning our analysts scan through the markets universe and choose one of the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the preferred ones make it to the leading 5 list. We also updateon the performance of earlier recommendation every morning to help you with your trading journey. Read on, to know the momentumstocks to buy today. The average holding period could be between 7-10 days on average.
5 Stocks to Buy or Sell on 22-Apr-2024
1. HDFCBANK: BULLISH PATTERN
5paisa Recommendation:The stock has formed Bullish Engulfing pattern on the daily chart that suggest bullish strength in the stock. Moreover, the higher volume activity has also added positive sign for the near term.
HDFCBANKShare PriceTargetfor Today:
● Action: BUY
● Buy:₹1532
● Stop Loss:₹1493
● Target 1:₹1572
● Target 2: ₹1610
● Holding Period: 1 week
2. RAYMOND: VOLUME SPURT
5paisa Recommendation:On the daily scale, the stock has moved above the consolidation of 1960 and 21-days Simple Moving Average. Moreover, the higher volume activities have been witnessed in the stock that indicates buying interest among the traders.
RAYMONDShare PriceTargetfor Today:
● Action: BUY
● Buy: ₹2012
● Stop Loss: ₹1950
● Target 1: ₹2075
● Target 2: ₹2130
● Holding Period: 1 week
3. HINDCOPPER: CONSOLIDATION BREAKOUT EXPECTED
5paisa Recommendation:On the daily scale, the price has been trading in bullish trend and consolidating at the higher territory that suggest bullish breakout in the stock.
HINDCOPPERShare Price Targetfor Today:
● Action: BUY
● Buy: ₹364
● Stop Loss: ₹349
● Target 1: ₹380
● Target 2: ₹393
● Holding Period: 1 week
4. TATACOMM (MAY FUT): SUPPORT BREAKDOWN
5paisa Recommendation:On the daily timeframe, the stock has given recent support breakdown around 1840 levels and fallen below it. Volume initiated on the sell side and RSI witnessed negative crossover that indicates bearish move in the prices.
TATACOMM FUTURESShare Price Targetfor Today:
● Action: SELL
● Sell: ₹1760
● Stop Loss: ₹1813
● Target 1: ₹1705
● Target 2: ₹1660
● Holding Period: 1 week
5. MPHASIS (MAY FUT): BEARISH MOMENTUM
5paisa Recommendation:The stock has confirmed trendline breakout and sustained below the recent support of 2335 on the daily scale. The price has also moved below 200 days SMA that suggest further weakness in the stock.
