Stocks which can perform in the Near Future – Post Diwali Market

This time diwali had some new aims and agendas and diwali was the only hope for some economic recovery for everyone in relation to COVID.

There has been definitely some improvement because of the festive season which is very good seeing the economic situation.

Nifty has managed to close above the previous life high of 12,430.

Lets see some of the stocks which can return some percent in the short term:

1. LIC Housing Finance: Stock has witnessed a little breakage in the daily chart along with Triangular pattern of weekly chart.

The target is  Rs 360 & Rs 375.

2. Bharat Electronics: stock has broken out of double bottom pattern in relation to the daily chart updates.

And in the weekly chart there are some signs of positive growth.

Prices has also broken out and RSI is trading above the 60 level.

The stock can be bought in the range of Rs 92-95 but the main target is Rs 105 & Rs 110.

3. Godrej Industries: on thedaily chart there is a decent opening but not very appealing.

On the weekly chart the numbers look good and promising.

Investors can take entry around Rs 380-384.

But the main target is of Rs 410.


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