5 Stocks to Buy Today: 31st August

by 5paisa Research Team 31/08/2021

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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