10 money-making ideas that can deliver solid returns in 3 weeks

10 money-making ideas that can deliver solid returns in 3 weeks

- in Stocks
454
Comments Off on 10 money-making ideas that can deliver solid returns in 3 weeks

Image result for 10 money-making ideas that can deliver solid returns in 3 weeksGoing ahead, the market will shift focus to quarterly earnings, which kick start from this week, says Teena Virmani, Vice President – Research at Kotak Securities.

NEW DELHI: The domestic stock market ended on a flat note on Friday, but on a weekly basis, the indices gained 2 per cent each.

The market witnessed gains after RBI revised its inflationforecast downward and raised growth outlook.

Going ahead, the market will shift focus to quarterly earnings, which kick start from this week, says Teena Virmani, Vice President – Research at Kotak Securities.

She said earnings growth is likely to be supported by the low base of Q4FY17.

Among global cues, escalating trade standoff between the US and China may continue to impact the market negatively, Virmani said.

Based on various brokerage recommendations, here are 10 stock strategies that can potentially deliver handsome gains over the next three weeks.


Subash Gangadharan, Senior Technical/Derivative Analyst at HDFC Securities

Motherson SumiNSE 0.74 % | BUY | Target Price: Rs 400 | Stop loss: Rs 313

This stock has rallied from its support level at Rs 301 in the last two weeks and broken above the intermediate high of Rs 336. This indicates a reversal of the recent intermediate downtrend. It also trades above the 13-day and 50-day SMA. Daily momentum readings are in rising mode and not extremely overbought.

GVK Power & Infrastructure | BUY | Target Price: Rs 21 | Stop loss: Rs 14.5
GVKPIL has reversed the recent intermediate downtrend as it has moved above the previous intermediate highs of Rs 16.35 after finding support around Rs 12.95 level. In the process, the stock has broken above its recent trading range on the back of above average volumes. With technical indicators giving positive signals, GVKPIL could move up further in the coming weeks.

Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory

Power Finance Corporation | BUY | Target Price: Rs 103 | Stop loss: Rs 84

After a massive value deterioration of around 50 per cent from the 2017 high of Rs 168, this counter appears to have hit a durable bottom around Rs 80 levels. It seems to be in a consolidation mode before unleashing a decent pull back rally.

Can Fin Homes | BUY | Target Price: Rs 495 | Stop loss: Rs 430

After a swift correction from the high of Rs 537 to Rs 421 in just three days due to adverse news flows on deal front, this counter appears to be stabilising after hitting a bottom around Rs 421 level. As momentum is slowly strengthening on the positive side with a pullback attempt, this counter can be expected to test its 200-day moving average over a period of time.
Tata Global BeveragesNSE 2.55 % | BUY | Target Price: Rs 313 | Stop loss: Rs 257

This counter appears to be on the verge of a breakout after registering almost a double bottom around Rs 250 level, in a multi-week consolidation phase, as volumes are picking up in the last leg of the upward move. Momentum on this counter shall get strengthened once it manages a close above Rs 280 level, thereby facilitating a bigger and perhaps a swift upward move.
Vaishali Parekh, Research Analyst, Technical Research, Prabhudas Lilladher

GAIL | BUY | Target Price: Rs 360 | Stop Loss: Rs 312

This stock has witnessed a gradual correction from the peak of Rs 389 to bottom out at around Rs 310 levels and is consolidating at the 200-DMA, which lies at Rs 325. With an indication of revival, currently the stock is gaining strength and has the potential to rise further from here on to scale till Rs 360 level in the coming days. The RSI has shown a trend reversal recently and is on the rise to maintain a positive bias. With volume participation picking up in recent times, this stock can be a buy recommendation.

BEML | BUY | Target Price: Rs 1,320 | Stop loss: Rs 1,035

This stock has witnessed a deep correction to the tune of almost 50 per cent from the peak of Rs 1,947 to bottom out recently at around Rs 995 level and now it is on a pullback mode with strength indicated to rise further. The indicators like the RSI have reversed its trend from the oversold zone and is picking up while also the MACD has indicated a trend reversal to maintain a positive bias. With consistent volume activity witnessed and rising participation in recent times has made the stock look attractive and we recommend a buy in this stock.
Kaveri Seed Company | BUY | Target Price: Rs 565 | Stop loss: Rs 490

This stock has been gradually on the rise from the bottom made at around Rs 450 level and has now given a breakout above the significant moving average of 50DMA. It has also breached the previous peak of Rs 512 level to signify strength and has potential to rise further in the coming days maintaining a positive bias. With good volume participation witnessed, we recommend a buy in this stock.

Milan Vaishnav, CMT, MSTA

Igarashi Motors | BUY | Target Price: Rs 900 | Stop loss: Rs 798

The stock has been under protracted downtrend after testing highs at Rs 1,124. After remaining in a falling channel for over six months, a potential base has been formed in the Rs 800-Rs 840 zone. The stock ended above its upper Bollinger band indicating further potential for an upside. With bands being 40 per cent narrower-than normal, the possibility of a sharp move in prices further increases. MACD remains in continuing buy mode. A fresh MACD positive crossover is seen on weekly charts and it now trades above its signal line. RSI is seen reversing from a pattern support and is seen inching higher.

Future Lifestyle Fashions | BUY | Target Price: Rs 475 | Stop loss: Rs 395
This stock has been trading in a defined range for a couple of weeks. On both daily and weekly charts, the stock has ended above its upper Bollinger band which suggests an attempt to break out on the upside. Both weekly and daily MACD stays in continuing buy mode. RSI is seen inching higher from a pattern support and is seen marking a bullish divergence against the price. Some upward revision in price of this stock over coming days cannot be ruled out.

[“Source-economictimes”]