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    QONEQT in News

    21-Nov-2022 03:29 PM


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    Trading ideas: 5 stocks that can deliver healthy returns in 2-4 weeks

    A host of stocks such as JB Chemicals & Pharmaceuticals, ACC, HEG and IIFL Finance and Alicon Castalloy are looking good on technical charts.
    Analysts believe these stocks can deliver healthy returns over the next few weeks.
    The weekly strength indicator RSI is in holding above a reading of 50-mark and its reference line indicates positive momentum.
    The analysis indicates an upside towards Rs 1,210-1250 levels.
    (Rajesh Palviya, head of technical & derivative research at Axis Securities) HEG | Buy in Rs 1,045-1,062 range | Target Rs 1,138 | Stop Loss : Rs 1,008 The share price of HEG has generated a breakout above a falling channel containing last three months decline signalling end of corrective phase and resumption of the up move thus offers fresh entry opportunity.
    The breakout is accompanied with an increase in volume, confirming participation at breakout level.
    Source: BusinessToday
    #TradingIdeas