Trading Stocks For Next Week!
Bank Nifty is making new highs and Nifty is trading at almost 18 months high which excites bulls to participate in this rally.
Mid-Cap and Small-cap indices outperforming the Nifty and there are many stocks at good technical level which can be bought by investors.
Here are some of stocks to watch for upcoming week where you can take a fresh position.
1. GRINFRA
Technical View:
G R Infraprojects Ltd is an integrated road Engineering, Procurement, Construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India.
The stock is coming out of 50 DEMA after many months with heavy volume indicate further upside till 1400-1600 with the stop loss of 970.
Company have reported strong quarterly results is the key reason to consider buying this stock supported by good technical levels.
2. SRHHYPOLTD
Technical View:
Incorporated in 2005, Sree Rayalaseema Hi-Strength Hypo Limited is based in Kurnool, Andhra Pradesh, and is part of the TGV group. It is a leading producer of Calcium Hypochlorite, Stable Bleaching Powder, Sulphuric Acid and other chemicals.
The stock has formed cup with handle pattern on weekly time frame and breakout of handle with large volume and well above key moving averages.
Upside Target for the stock can be 920-950, Pivot point is at 534 and stop loss at 460.
Positives- Very Strong Q4 Results, company have huge capex plans and exploring possibilities in manufacturing electrolyte products.
If you’re interested in being part of my charting journey as I share how to create wealth from the profitable trade setup, Join my telegram channel You’ll get access to the best trading ideas in the stock market.
Sources: tradingview.com
