January 15, 2024: Calling all short-term traders! Share Market analysts have given up warm picks for the week’s hottest momentum stocks. Here, all five of these candidates are perfect for potential growth in the next 7-10 days and investors may need a quick profit. Therefore, sit tight and enjoy the tide.
1. ONGC (Oil & Natural Gas Corporation): The Unyielding Bull
- Action: Buy with unwavering confidence!
- Entry Point: ₹224 – a magic number for the maximum benefit.
- Stop Loss: ₹212 is your backup in the case of sudden falls.
- Target 1: ₹236 — the first waypoint on our climb to wealth.
- Target 2: ₹247 – the land of dreams where bank accounts never stop overflowing.
Why ONGC? Technical geniuses foresee unending highs and lows for this oil giant. Imagine a juggernaut, moving inexorably and unstoppable through resistance levels like a tank passing efforts to take apart the Jello factory.
2. GICHSGFIN (GIC Housing Finance): Riding the Volume Wave
- Action: Buy, buy, buy! This investor frenzy wave won’t be patient either.
- Entry Point: ₹238 – hurry up before the price skyrockets.
- Stop Loss: Rs 228, a cautious cushion against stormy seas.
- Target 1: ₹248 – fly past the first hurdle and enjoy the cool breeze.
- Target 2: ₹257 – get to the top and enjoy stunning vistas of your growing portfolio.
Why GICHSGFIN? Surging trading volume paints a clear picture: All would want to have a share of this financial giant. Hurry up to join before the party is over.
3. ZAGGLE (Zaggle Prepaid Ocean Services): The Bullish Engulfing Beast
- Action: Buy like a lion tamer! This beast is set to be released.
- Entry Point: ₹222, the best price if you want to catch this breakout prospect.
- Stop Loss: ₹214 is the safety net for any unexpected growls.
- Target 1: Rs 230—the first milestone on our road to financial success.
- Target 2: ₹240 – and you must defeat this summit to claim your seat as a king for trading.
Why ZAGGLE? A bullish engulfing pattern in the chart so sounds like a loud “breakout occurs!” Don’t lose on such a bullish deal today.
4. JKTYRE (JK Tyre & Industries): The Impending Breakout
- Action: Customize with the precision of an F1 driver. This racecar is facing the turbo boost very soon.
- Entry Point: 405 – strap in before the roaring engine.
- Stop Loss: ₹393 – your pit crew, helping you to maintain a smooth ride even when the road becomes rocky.
- Target 1: ₹418 checkered flag – cross the line and win in a hurry.
- Target 2: ₹430 – Climb the podium of your financial ambitions
Why JKTYRE? Technical indicators go into sweet conversations of possible bullish breaches. Don’t get left behind!
5. HCLTECH (HCL Technologies): The Resistance-Shattering Colossus
- Action: Bargain like a tech giant! This giant will soon squash resistance.
- Entry Point: 1543 ₹- ticket for the HCLTECH express train to riches.
- Stop Loss: Rs. 1505 – your faithful protection for all unforeseen market gyrations.
- Target 1: ₹1582 – break down the first barrier of resistance and feel some momentum as it flows through your body.
- Target 2: ₹1,620 – The Final Frontier conquered! Your portfolio rises to greater heights.
Why HCLTECH? A chart-breaking breakout of resistance opens doors to explosive bullishness. Do not allow yourself to miss out on this tech giant’s victory lap.
Remember, fellow investors:
While these stocks swelter with promise, the market is a capricious mistress. So it is always a good thing to conduct your research and practice the best possible risk management. However, with the proper plan and a sprinkle of bravery, these momentum picks might be able to jump-start your portfolio.