5 Technical Stock Ideas From Sharekhan For Short-Term Investment

Leading brokerage firm Sharekhan has identified 5 stocks that traders can buy for short-term investment based on the technical analysis. It has also suggested the holding duration for each stock, along with the target price and stop loss. Given below are the details.

1. Titan

Sharekhan has suggested buying the stock of Titan for a few days, with a target price of Rs 2,895 per share at a stop loss of Rs 2,838 per share. Its 52-week high is at Rs 2,871.50 and its 52-week low is at Rs 1,827.15. Its latest traded market price is Rs 2,860 per share, which is up by 1.18% on an intraday basis.

2. IRCTC

Buy the stock of IRCTC for up to 5 days, with a target price of Rs 668 per share at a stop loss of Rs 623 per share. Its 52-week high is at Rs 775 and its 52-week low is at Rs 557. Its latest market price is Rs 649.95 per share, which is marginally up by 0.05% over the previous trading day.

3. Nykaa (FSN E-Commerce Ventures Ltd)

According to the brokerage firm, Nykaa stocks can be bought for 1-5 days, with a target price of Rs 140 per share at a stop loss of Rs 122 per share. Its 52-week high stands at Rs 249.67 per share while the low is at Rs 114.30 per share. Its latest trading price is Rs 1,32.15 per share, which rallied by nearly 5.55% on an intraday basis.

4. Indian Hotels Co Ltd

Sharekhan has suggested buying the Indian Hotel stock in 1 to 2 days, with a target price of Rs 398.9 per share at a stop loss of Rs 378 per share. Its 52-week high is at Rs 399.40 and its 52-week low is at Rs 207.25. Its current market price is Rs 397.20 per share, which went up marginally by 0.44% over the previous trading day price.

5. Laurus Labs Ltd

According to the stock-broaking firm, Laurus Labs stocks can be bought for 1-15 days with a target price of Rs 346 per share at a stop loss of Rs 338 per share. Its 52-week high is at Rs 605.50 per share and the low is at Rs 279.65 per share. Its latest market price is Rs 342.55 per share, it is marginally up by 0.65% on an intraday basis.

Disclaimer:

The stocks have been picked up from the brokerage research of Sharekhan. Greynium Information Technologies, the author or the brokerage house will not be liable for any losses caused as a result of decisions based on the write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.