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 25-Apr-2024
1. CONCOR: BREAKOUT FROM RESISTANCE
5paisa Recommendation: On the daily timeframe, the stock has given a breakout above a falling trendline resistance.
Container Corporation of India Share Price Target for Today:
● Action: BUY
● Buy: ₹973
● Stop Loss: ₹949
● Target 1: ₹995
● Target 2: ₹1012
● Holding Period: 1 week
2. CRAFTSMAN : BULLISH PATTERN BREAKOUT
5paisa Recommendation: The stock has given a breakout from an Inverted Head & Shoulder pattern on the daily chart. Moreover, the rising volume has also supported the buying stance.
Craftsman Automation Share Price Target for Today:
● Action: BUY
● Buy: ₹4605
● Stop Loss: ₹4460
● Target 1: ₹4730
● Target 2: ₹4850
● Holding Period: 1 week
3. POWERGRID: BULLISH MOMENTUM
5paisa Recommendation: The stock has been gradually forming a Higher Top Higher Bottom structure and the RSI has a positive crossover hinting at a bullish momentum.
Power Grid Corporation of India Share Price Target for Today:
● Action: BUY
● Buy: ₹290
● Stop Loss: ₹284
● Target 1: ₹296
● Target 2: ₹302
● Holding Period: 1 week
4. IRCON: RISING VOLUMES
5paisa Recommendation: The stock is on the verge of breakout above its recent consolidation phase and the volumes have increased in last couple of sessions, thus increasing probability of a resumption of its uptrend.
Ircon International Share Price Target for Today:
● Action: BUY
● Buy: ₹241
● Stop Loss: ₹229
● Target 1: ₹252
● Target 2: ₹262
● Holding Period: 1 week
5. LALPATHLAB: ON THE BERGE OF BREAKOUT
5paisa Recommendation: The stock is on the verge of a breakout above its falling trendline resistance and the 89 EMA. The volumes were high in the previous session which hints at buying interest and hence, we are anticipating a breakout in the counter soon.
Dr. Lal Pathlabs Share Price Target for Today:
● Action: BUY
● Buy: ₹2328
● Stop Loss: ₹2278
● Target 1: ₹2375
● Target 2: ₹2420
● Holding Period: 1 week
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7690.70 | 14.7 (0.19%) |
| CAC 40 | 8091.86 | -13.92 (-0.17%) |
| DAX | 18088.70 | -48.95 (-0.27%) |
| Dow Jones | 38460.92 | -42.77 (-0.11%) |
| FTSE 100 | 8040.38 | 0 (0%) |
| Hang Seng | 17201.27 | 0 (0%) |
| US Tech Composite | 15717.75 | 16.11 (0.1%) |
| Nikkei 225 | 38460.08 | 0 (0%) |
| S&P 500 | 5071.63 | 1.08 (0.02%) |
| Gift Nifty | 22370.00 | -54.5 (-0.24%) |
| Shanghai Composite | 3044.82 | 0 (0%) |
| Taiwan Weighted | 20131.74 | 532.46 (2.72%) |
| US 30 | 38393.30 | 0 (0%) |
High Performing Stocks Yesterday
| Stock Name | % Return |
|---|---|
| BIOCON | Went up 5.3%, 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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