Top 2 Short Term Trading picks with ‘Bullish’ Chart Patterns No ratings yet.

Trading Calls

Indian Markets are soaring to new heights and the bulls are playing at forefront since the last few weeks. I have picked 2 stocks from Consumption and  Financial sector for short term gains.

Asian Paints

Asian Paints is one of the best picks from consumption space. The stock has been showing immense strength, lately and is already trading at new highs on charts. Stocks reaching out at new highs depicts inherent strength and shows participation of new buyers.

Daily charts of the stock shows a constant increase in demand over the months which is depicted as an V-shaped recovery on charts from lows of 1200/-. Trend Indicator, MACD also shows a positive signal in place and indicates that the near term positive momentum may continue in near future. (Learn more about Indicators in our Basic Technical analysis Module. Check this link for details).

My outlook for the stock in Short Term & Medium Term is Positive.

Technical Pattern: MACD Buy

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1525 1505 1550 1580

Check out our Short Term Trading Performance for calls released in January, 2019

Bajaj Finserv

The stock has given a strong breakout above 7000/- levels on all time frames and is already trading at new highs. Price moving in uncharted territory shows strength in the stock and indicates the interest of buyers to pay higher prices for the stock. The robustness of the stock is also reflected in Bollinger Bands which shows candlestick price cation above the middle band and a tagging of upper band (Learn more about Bollinger Bands in our Advanced Technical analysis Module. Check this link for details).

My outlook for the stock in Short Term & Medium term is Positive

Technical Pattern: Bollinger Bands

Status as on 3rd April- Open. 1st Target Achieved

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >7315 7250 7400 7500

Also, Check out ‘Top 2 sectoral short term trading ideas in this link’

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The above analysis is based on closing prices as on 2nd April, 2019 & Trading levels mentioned in the post are valid upto 1 month

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

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