Stocks To Watch Out For The Next Week!
Indian market standing strong despite global headwinds like energy crisis in Europe, aggressive rate hike by fed to curb inflation and dollar index at lifetime high level. Indian market recovered by 12% from lower level and many mid-cap and small-cap stocks rise more than 30% from lower level.
We are suggesting some trending stocks every week as there is lot of opportunity to make money from the market currently.
These are the four stocks which can be traded for generate good return.
1. Axis Bank
Technical View:
CMP- 784
Axis Bank has given falling trend line breakout in daily time frame and break the previous swing high of 775.
One can add this stock at current level for the long-term target of 815 and 855 with the stop loss of 735.
2. Apcotex Industries
Technical View:
CMP- 612
Apcotex industries breakout of double bottom pattern and retrenched till 580-585 at which it consolidate in the range of 585-605 and now breakout of that consolidation zone ready to touch higher level of 640 and 665 with the stop loss of 580.
3. Triveni Turbine
Technical View:
CMP- 221
Triturbine is at all time high level of 221 and broke out the multiple resistance level of 215. Stock is trending in both weekly and daily time frame which indiacte further upside till 250-260 with the stop loss of 185-190.
4. ENKEI Wheels India
Technical View:
CMP- 482
Enkeiwhel is in strong uptrend and it has given some correction till the breakout level of 420 and resuming the uptrend rally for the upside targets of 525 and 585 with the stop loss of 420.
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Sources: tradingview.com
