Stocks to Buy Today
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Every morning our analysts scan through the markets universe and choose one of the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the preferred ones make it to the leading 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on, to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.
5 Stocks to Buy or Sell on 13-May-2024
1. LUPIN: ON THE VERGE OF BREAKOUT
5paisa Recommendation: On the daily timeframe, the stock is on the verge of bullish breakout with bullish momentum.
Lupin Share Price Target for Today:
● Action: BUY
● Buy: ₹1689
● Stop Loss: ₹1638
● Target 1: ₹1740
● Target 2: ₹1790
● Holding Period: 1 week
2. INDHOTEL: REVERSED FROM THE SUPPORT
5paisa Recommendation: On the daily scale, the stock has reversed up from the support of 100-DEMA and Horizontal Line. The RSI has turned up from the oversold zone that suggests pullback in the prices.
Indian Hotels Company Share Price Target for Today:
● Action: BUY
● Buy: ₹558
● Stop Loss: ₹536
● Target 1: ₹580
● Target 2: ₹603
● Holding Period: 1 week
3. CUMMINSIND: CONTINUATION OF UPTREND
5paisa Recommendation: The stock is in bullish territory and trading in Higher Highs & Higher Lows formation. However, the RSI has slipped from the overbought zone but still holding the bullish strength on the chart. The stock is also trading above the support of 21-days SMA on the daily chart.
Cummins India Share Price Target for Today:
● Action: BUY
● Buy: ₹3512
● Stop Loss: ₹3389
● Target 1: ₹3635
● Target 2: ₹3755
● Holding Period: 1 week
4. UPL: VOLUME SPURT
5paisa Recommendation: On the daily scale, the stock has formed Rounding Bottom and sustained above 100-days Exponential Moving Average. Moreover, spurt in volume activities have been witnessed in the stock that indicates buying strength.
UPL Share Price Target for Today:
● Action: BUY
● Buy: ₹534
● Stop Loss: ₹510
● Target 1: ₹558
● Target 2: ₹583
● Holding Period: 1 week
5. COLPAL: ON THE VERGE OF BREAKOUT
5paisa Recommendation: On the daily timeframe, the stock is on the verge of bullish breakout with bullish momentum.
Colgate-Palmolive (India) Share Price Target for Today:
● Action: BUY
● Buy: ₹2860
● Stop Loss: ₹2775
● Target 1: ₹2945
● Target 2: ₹3030
● Holding Period: 1 week
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7743.20 | -11 (-0.14%) |
| CAC 40 | 8209.28 | -9.86 (-0.12%) |
| DAX | 18742.22 | 0 (0%) |
| Dow Jones | 39431.51 | -81.33 (-0.21%) |
| FTSE 100 | 8411.53 | -27.14 (-0.32%) |
| Hang Seng | 19115.06 | 0 (0%) |
| US Tech Composite | 16393.24 | 47.37 (0.29%) |
| Nikkei 225 | 38179.46 | 0 (0%) |
| S&P 500 | 5221.42 | -1.26 (-0.02%) |
| Gift Nifty | 22216.50 | 161 (0.73%) |
| Shanghai Composite | 3148.02 | 0 (0%) |
| Taiwan Weighted | 20857.71 | 0 (0%) |
| US 30 | 39447.70 | 0 (0%) |
High Performing Stocks Yesterday
| Stock Name | % Return |
|---|---|
| LALPATHLAB | Went up 7.8% both target done |
| BSOFT FUT | Went down 3.1%, 1st target done |
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Frequently Asked Questions
To choose the best stocks to buy today, follow these tips:
1. Understand the business by doing your research. Analysing the fundamentals and technical aspects of a stock and understanding a business' prospects can help determine its fair value and ensure its alignment with your plans.
2. Building your portfolio requires a combination of quantitative and qualitative analysis. As a result, you can develop a strategy that works for you.
3. Make investment decisions without emotion. You should avoid buying a stock just because it's hyped or selling it just because it's most wanted.
4. Diversifying your portfolio will spread your risks.
The above tips will help you choose the best stocks to buy today. Invest Now
To invest in the best stocks to buy today using 5paisa, follow these steps:
1. Install the 5paisa app on your device
2. Use your customer ID and password and log into the app
3. Use the 'Pay-in' button to transfer funds to your trading account
4. Do your research to find the stocks to buy today
5. Search for desired best stocks to buy today
6. Make a purchase order
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