Stock Market Investment is considered a risky business, but there are many stocks which have proved to be money printing machines for their investors. Some of these have given multibagger returns in a very short period of time, while some have become multibagger stocks, making their investors rich in the long term.
If you are planning to invest in the stock market, then three stocks are at the top in the experts’ favorite list and these are expected to rise by 10-14 percent in the next three-four weeks, which is almost double the interest received on bank deposits.
These have been included in the Top Pick Stock List of Axis Securities. Brokerage firm Axis Securities has said that all three stocks look strong on technical charts. This outlook is based on breakout patterns, bullish candlestick patterns, support from major moving averages and momentum indicators.
First top stock: Mphasis Share
Axis Securities has suggested a buying limit of Rs 2,535-2,485, a stop loss of Rs 2,363 and a potential upside of 12-14% for Mphasis shares. On the weekly chart, the stock has given a final breakout above the consolidation zone of 2,035-2,497, which is supported by a strong bullish candle and gives medium-term bullish signals.
Based on this, experts are expecting the share price to reach the level of 2,805-2,870 in three to four weeks. on monday share market At the close of trading, it slipped 1.22% and closed at Rs 2514.
Second Top Stock: LG Electronics India Share
The next name in the top pick list of the brokerage firm is the share of LG Electronics India Limited, for this a buy range of 1,710-1,675, stop loss of 1,610 and a possible upside of 10-14% is suggested. According to Axis Securities, huge purchases indicate greater activity in this stock in the stock market.
Based on the analysis, the brokerage has estimated LG Electronics India Stock to rise to the level of 1,855-1,925 in the holding period of 3-4 weeks. Shares of the company with a market cap of Rs 1.13 lakh crore closed at Rs 1663.40 on Monday, down 3.83%.
Third Top Stock: Aarti Industries Share
Axis Securities has suggested buying Aarti Industries shares between Rs 530-520 with a stop loss of Rs 495 and a possible upside of 11-14%. On the weekly chart, the stock has given a decisive breakout from the multiple resistance at 522, which was supported by a strong bullish candle and signals the beginning of an uptrend in the medium term.
Axis Securities expects Aarti Industries Share to reach the level of 585-599 in three to four weeks. On Monday, Aarti Industries shares fell 1.67% and closed at Rs 525.20 after the day’s trading.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)
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Source: www.aajtak.in
