5 Stocks to Buy Today: 31st August
Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Here is a list of five stocks to trade today. The average holding period could be between 7-10 days on average.
Stock Recommendations - August 31
|
Stock |
Current Market Price |
Stop Loss |
Target 1 |
Target 2 |
|
CAMS |
3,588 |
3,490 |
3,700 |
3,850 |
Strong momentum likely to continue
Holding Period: 1 week
|
Stock |
Current Market Price |
Stop Loss |
Target 1 |
Target 2 |
|
DIVISLAB |
5,104 |
4,970 |
5,260 |
5,400 |
Upmove supported by strong volumes
Holding Period: 1 week
|
Stock |
Current Market Price |
Stop Loss |
Target 1 |
Target 2 |
|
POLYCAB |
2,033 |
1,970 |
2,165 |
2,300 |
Stock has crossed previous resistance
Holding Period: 10 Days
|
Stock |
Current Market Price |
Stop Loss |
Target 1 |
Target 2 |
|
GREAVESCOT |
139 |
134 |
150 |
- |
Double bottom pattern on chart
Holding Period: 5 Days
|
Stock |
Current Market Price |
Stop Loss |
Target 1 |
Target 2 |
|
IOLCP |
557 |
540 |
594 |
- |
1) Contrarian trade
2) Small exposure can be created with strict stoploss
Holding Period: 10 Days
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