5 Technical Stock Recommendations From Sharekhan For Traders

The Indian share markets ended higher on March 6, 2023, with Nifty50 closing at 17,711.45, 117.10 points (0.67%) up and BSE Sensex was at 60,224.46, 415.49 points (0.69%) up. On March 7, 2023 however on account of Holi, both the indices are closed for trading.

Sharekhan has identified 5 stocks based on technical analysis that traders can buy for short term.

Given below are the details.

1. Tata Motors Limited

Sharekhan has suggested buying stock of Tata Motors for 1 to 2 days, with a target price of Rs 444.4 per share at a stop loss of Rs 435.6 per share. Its 52-week high is at Rs 494.40 and 52-week low is at Rs 366.20. Its last traded market price is Rs 440.50 per share, which is up by 2.92% on intraday basis.

2. KNR Constructions Limited

Buy stock of KNR Constructions Limited for upto 15 days, with a target price of Rs 295 per share at a stop loss of Rs 258.7 per share. Its 52-week high is at Rs 324 and 52-week low is at Rs 202.70. Its last traded market price is Rs 276.75 per share, which is up by 3.38% over previous trading day.

3. NYKAA (FSN E-Commerce Ventures Limited)

According to the brokerage firm, Nykaa stock can be bought for upto 15 days, with a target price of Rs 157.5 per share at a stop loss of Rs 137.5 per share. Its 52-week high is at Rs 316.07 per share and 52-week low is at Rs 120.70 per share. Its last traded market price is Rs 149.60 per share, it was down by 0.10% on intraday basis.

4. Hindustan Aeronautics Limited

Sharekhan has suggested buying stock of Hindustan Aeronautics Limited upto 5 days, with a target price of Rs 2839 per share at a stop loss of Rs 2669 per share. Its 52-week high is at Rs 2811.80 and 52-week low is at Rs 1304.55. Its last traded market price is Rs 2710.75 per share, which went up by 0.69% over previous trading day.

5. Power Grid Corporation Of India Ltd

According to the brokerage firm, Power Grid Corporation Of India Ltd stock can be bought for upto 5 days, with a target price of Rs 230 per share at a stop loss of Rs 217 per share. Its 52-week high is at Rs 248.35 per share and 52-week low is at Rs 186.35 per share. Its last traded market price is Rs 227.15 per share, it was up by 2.27% on intraday basis.

Disclaimer:

The stocks have been picked from the brokerage research of Sharekhan, Greynium Information Technologies and the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.