Top 3 stocks that could return up to 10% in 1-2 months
Following is a list of stocks that could deliver up to 7-10% returns:
The stock cash has been in a declining mode for quite some time and has finally broken out from a Symmetrical Triangle pattern on the daily chart.
SBI has also surpassed its long-term 200-DEMA and also convincingly closed above the same. The Relative strength index also confirms that the current strength is likely to get extended further.
We believe the stock has a potential of moving higher towards its potential target of Rs 315 in the medium-term.
The stock has shown immense strength in the previous week and has finally broken out from a Double Bottom formation on the daily charts. The upthrust in the breakout has also been accompanied with a smart uptick in traded volumes.
In addition, it has also broken past its short-term averages which further accentuates our bullish stance on the stock. Every long position should be protected with a stop loss at Rs 294 levels on closing basis.
After falling or going through a price correction phase for over six weeks, the stock has broken out from a Flag pattern on the weekly charts.
This indicates a resumption of the previous primary trend which is up. We expect the stock to make a steady move higher towards its potential target of Rs 2880 levels in the medium term.
