Top 5 midcap stocks to watch out for in April based on seasonality trend

Top 5 midcap stocks to watch out for in April based on seasonality trend

by 5paisa Research Team Last Updated: 2022-04-01T19:37:57+05:30

After a marvellous performance by the bulls in March 2022, where Nifty jumped nearly 4%, we have stepped into a new month on a buoyant note. In this piece, we have listed the top five performing stocks based on seasonality analysis for April. 

In this fast-paced society where several trading tools can be accessed with a one-click, ideas on how to succeed are in abundance. However, the over availability of tools and studies can become a double-edged sword, as it sometimes leads to analysis paralysis.

We know the fact that only a handful of traders manage to make consistent profits. What separates a consistent trader from an inconsistent trader is the strategy and discipline to follow the trading strategy. 

In this article, we will share a list of stocks based on a very simple yet effective strategy, one that would help you to strengthen the probability of success in trading.

The technique is seasonality analysis. This technique helps to tell which stocks have performed well during a particular month. And as the saying goes ‘history tends to repeat itself’, it is expected that the stock is likely to perform well as it has done in the past during that particular period.

After a marvellous performance by the bulls in March 2022 as Nifty jumped nearly 4%, we have stepped into April month on a buoyant note. We have listed the top five performing stocks in April based on seasonality analysis. This will help you to know which stocks to keep on your radar for the month.  

Important point: Stocks are selected from the BSE Midcap. 

Here are the top 5 stocks to watch out for in March based on seasonality trends:

SRF: Historically, the stock of SRF has performed exceptionally well during April. Out of 20 occasions, it has managed to deliver positive returns on 18 instances. Moreover, the average change for this stock in April is 14.03%, while cheery on the top is the stock has witnessed 6 consecutive positive years in April.

Max Financial Services (MFSL): The performance of Kansai MFSL is outstanding in April. The stock has closed in green 15 out of 20 instances. Moreover, average gains for the stock in March stand at a whopping 10.99%. Hence, market participants can keep this stock on their watchlist, because if history repeats itself this stock can do wonders.

Tata Consumer Products: The stock of Tata Consumer Products tends to perform well during April. As the stock has closed in green 14 out of 20 instances in the past. The stock’s average return in April is 10.64%.

Ashok Leyland: The performance of Ashok Leyland is similar to Tata Consumer Products when it comes to positive closing for April as the stock has closed in green 14 out of 20 instances. But the average returns are quite fascinating as the average gain for the stock in March is 11.28%. Moreover, it has formed a dragonfly doji like candlestick pattern on the monthly chart.

Container Corporation of India: The performance of CONCOR is similar to Ashok Leyland and Tata Consumer Products when it comes to positive closing for April as the stock has closed in green 14 out of 20 instances. Meanwhile, the average return for March stands at 10.39%.

 

Also read: Trending sector: PSU Banks


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