Stock tips: Globally, there is a lot of upheaval at this time. The flame of geopolitical tension is also scorching the stock market. In the midst of all this, there are some stocks on the chart that are making a golden opportunity to invest. In the chart, these ligar cap stocks have broken out and broke long consolidation. Now there is a fast trend in it. Brijesh Bhatia, Senior Research Analyst of Definedge, is suggesting about four such stocks here. He has revealed strong health on the chart of Bajaj Finserv, HDFC Bank, ICICI Bank and Kotak Mahindra Bank.
Bajaj Finserv, the company providing financial services of Bajaj Group, has given excellent returns to investors in the long term. Its balance sheet is very strong and management is also strong. It has a breakout of the six -month range on the daily chart and is now moving towards one year record high ₹ 2,135. After the breakout, it re -tested a strong support zone of ₹ 2023 and the crucial psychological level of ₹ 2000 and both these levels are firmly holding. Now, talking further, the Golden Cross and Bulish Relative Strength Index (RSI) indicated that the breakout is not fake. Golden Cross means a situation in which 50-days moving average goes beyond the 200-day moving average. There are indications of continuing to continue in this stock ahead of the chart.
The loan book of HDFC Bank, the country’s largest bank in the private sector, is quite strong, asset quality is excellent and retail attendance is widely. After a long swinging in the consolidated zone for a long time, HDFC Bank broke out and touched a one -year record high ₹ 1978 last week. The presence of Golden Cross and the strong RSI’s bullish trend has given more support. However, a good opportunity to invest in it is between ₹ 1,880- ₹ 1,910, where there is a possibility of a breakout retest. This will give investors an opportunity to enter HDFC Bank at good prices.
ICICI Bank is quite famous among institutional investors due to its consistency and scale. It has broken the 8 -month -old consolidation pattern. The most important thing is that both 50-days and 200-days EMA have bent upwards, which is indicating a boom in trend. Brakeouts are being confirmed with mounting volume. You can make good returns from short to medium term.
Kotak Mahindra Bank is one of the most conservative and effective managed banks in the country. This is the best stock for long -term investors whose focus is on increasing it with the security of capital. This is the most attractive chart in the banking sector at this time. It has a breakout to the two -year -old Consalidation Zone. Due to the level of ₹ 2200 and continuing to rise, there is a sign of good purchase in it. After the breakout, it is showing a boom trend from Higher High and Higher Low.
Note: The purpose of this article is to give information about the chart and important data. Do not consider it advice and contact your advisor for investment.
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