Top 5 stocks to watch out in October based on Seasonality Trend.

Top 5 stocks to watch out for in October based on Seasonality Trend:

by 5paisa Research Team Last Updated: Dec 11, 2022 - 12:45 am 52.8k Views
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Volatility has raised its ugly head. Want to know which stocks are likely to weather the storm and deliver alpha returns in October.

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 abundance 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 trading 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 technique, 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.

Since we have stepped into October, we will check out which are the top five performing stocks based on Seasonality analysis this month. This will help you to know which stocks to keep on your radar.

Here are the Top 5 stocks to watch out for in October based on Seasonality Trend:

Schaeffler India: Historically, the stock of Schaeffler has performed well during October. As out of 19 occasions it has managed to deliver positive returns on 15 instances. Moreover, the average change for this stock in October is 7.32%.

Gujarat State Fertilizers & Chemicals (GSFC): The performance of GSFC is similar to Schaeffler India when it comes to positive closing for October as the stock has closed in green 15 out of 19 instances. However, average gains for GSFC are 10.13% in October. Hence, market participants can keep this stock on their radar, as if history repeats itself this stock can do wonders.

Thermax: The stock of Thermax tends to perform well during October. As the stock has closed in green 14 out of 19 instances in the past in October. The stock’s average return in October is 5.46%.

Can Fin Homes: The stock has managed to close in positive terrain 14 out of 19 instances in the past in October. The average return delivered by the stock in October is 9.81%.

Polyplex Corporation: The performance of Polyplex Corporation is similar to Thermax and Can Fin Homes when it comes to positive closing for October as the stock has closed in green 14 out of 19 instances. But the average returns are quite fascinating as average gains for the stock in October is 13.14%.

 

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