Stocks to Buy Today
Trade in Equity at ₹0 Brokerage with Ultra Trader Pack
By proceeding, you agree to the T&C.
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 2-May-2024
1. JSWENERGY: BULLISH MOMENTUM
5paisa Recommendation: The stock is in bullish momentum with the support of 21-days Simple Moving Averages on the daily scale. The volume activity has also increased during the session.
JSWENERGY Share Price Target for Today:
● Action: BUY
● Buy: ₹630
● Stop Loss: ₹605
● Target 1: ₹655
● Target 2: ₹680
● Holding Period: 1 week
2. M&M: RESISTANCE REAKOUT
5paisa Recommendation: On the daily chart, the stock has managed to sustain above the recent swing highs and made all time high at 2169 levels. Overall, the stock is trading in Higher Highs & Higher Lows formation that suggests bullish strength for the long term.
M&M Share Price Target for Today:
● Action: BUY
● Buy: ₹2157
● Stop Loss: ₹2093
● Target 1: ₹2221
● Target 2: ₹2280
● Holding Period: 1 week
3. PFC: VOLUME SPURT
5paisa Recommendation: On the daily scale, sudden volume spurt has been noticed since March’24. The stock has also formed Rounding formation and sustained above 100-days Simple Moving Average that indicates buying interest among the traders.
PFC Share Price Target for Today:
● Action: BUY
● Buy: ₹442
● Stop Loss: ₹426
● Target 1: ₹458
● Target 2: ₹472
● Holding Period: 1 week
4. EXIDEIND: ON THE VERGE OF BREAKOUT
5paisa Recommendation: On the daily chart, the stock has surpassed the immediate hurdle around 69 and sustained above it with higher volume.
EXIDEIND Share Price Target for Today:
● Action: BUY
● Buy: ₹473
● Stop Loss: ₹454
● Target 1: ₹492
● Target 2: ₹510
● Holding Period: 1 week
5. BSOFT (FUT): BEARISH PATTERN
5paisa Recommendation: The stock has formed Bearish Engulfing pattern on the daily chart that suggest downward momentum in the stock. Moreover, negative crossover has been witnessed in the RSI indicator.
BSOFT Futures Share Price Target for Today:
● Action: BUY
● Buy: ₹656
● Stop Loss: ₹672
● Target 1: ₹640
● Target 2: ₹623
● Holding Period: 1 week
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7601.40 | 22.6 (0.3%) |
| CAC 40 | 7984.93 | 0 (0%) |
| DAX | 17932.17 | 0 (0%) |
| Dow Jones | 37903.29 | 87.37 (0.23%) |
| FTSE 100 | 8121.24 | 0.27 (0%) |
| Hang Seng | 18155.28 | 392.25 (2.21%) |
| US Tech Composite | 15610.48 | -52.34 (-0.33%) |
| Nikkei 225 | 38264.33 | -9.72 (-0.03%) |
| S&P 500 | 5018.39 | -17.3 (-0.34%) |
| Gift Nifty | 22736.50 | 61.5 (0.27%) |
| Shanghai Composite | 3104.82 | 0 (0%) |
| Taiwan Weighted | 20277.44 | -119.16 (-0.58%) |
| US 30 | 38054.10 | 29.5 (0.08%) |
High Performing Stocks Yesterday
| Stock Name | % Return |
|---|---|
| LEMONTREE | Went up 3% |
| MAHABANK | Went up 2.2% |
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
To open demat account via website, click here