5 Trading Ideas from Sharekhan

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

1. Dabur

Sharekhan has suggested buying the stock of Dabur for up to 2 days, with a target price of Rs 558 per share at a stop loss of Rs 546 per share. Its 52-week high is at Rs 610.40 and its 52-week low is at Rs 482.20. Its last closing price is Rs 550 per share, which is marginally down 0.40% on an intraday basis.

2. Powergrid Corporation Of India

Buy the stock of Powergrid for up to 2 days, with a target price of Rs 246.9 per share at a stop loss of Rs 241.90 per share. Its 52-week high is at Rs 249.95 and its 52-week low is at Rs 186.35. Its last traded price is Rs 244.75 per share, which is up by 1.30% over the previous trading day.

3. REC Ltd

According to the stock-broking firm, REC Ltd stocks can be bought for 1-5 days with a target price of Rs 152.90 per share at a stop loss of Rs 143.4 per share. Its 52-week high is at Rs 149.50 per share and the low is at Rs 82.28 per share. The stock price closed at Rs 149 per share, it rallied by 2.30% on an intraday basis.

4. Cholamandalam Investment and Finance Company Ltd

Buy the stock of Cholamandalam Investment and Finance Company for 1-15 days with a target price of Rs 1,114.9 per share at a stop loss of Rs 999.9 per share. Its 52-week high is at Rs 1,082.25 and its 52-week low is at Rs 594. The latest stock price closed at Rs 1,061 per share, which is marginally down by 0.05% on an intraday basis.

5. Nuvoco Vistas Corporation Ltd

According to Sharekhan, Nuvoco Vistas Corporation stocks can be bought for 1-15 days with a target price of Rs 385 per share at a stop loss of Rs 337 per share. Its 52-week high is at Rs 475 per share and the low is at Rs 260 per share. Its latest market price is Rs 348.35 per share, it is marginally down by 0.68% 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.