After opening with a modest interval, the markets saw continuous purchases throughout the day, leading to a boom in the mood.
Powered by renewed global optimism and strong domestic signals, the Nifty 50 not only recovered, but also moves beyond the significant 23,800 points, indicating a possible change in the market tone that increases aggressively from alert to aggressively.
Here are the best stock recommendations for Monday, April 21, which you can consider in our views. Today’s pics are from fertilizer and FMCG regions.
Top three fertilizer stock to buy today, recommended by Ankush Bajaj:
National chemistry and fertilizer limited (Current price: 139.00)
Why is it recommended: Stock has given a classic double bottom pattern Gave a breakout of 112 levels and later above 135, which also confirms a triangular pattern brakeout. RSI and MACD are showing strong motionRapid emotion and indication of continuity of uptrend.
Major matrix: Breakout level: 135 | RSI: Trending Bulish | MACD: Positive Crossover
technical analysis: A clean breakout supported by RSI and MACD crossover indicates the continuity of uptrend. The stock has the ability to reach its next resistance area in the coming days.
risk: Fertilizer stocks may face volatility due to change in government policy, cost variation of raw materials, or subsidy announcements.
Buy on: 139.00 | target price: 155- 160 in 1-2 weeks | Lack closed: 132.00
National fertilizer limited (Current price: 85.40)
Why is it recommended: Stock has given the Falling Wage Breakout (Upper Channel) 83 level. In addition, the RSI is trading above 60 on an hourly chart, showing strong speeds and ability to reversed further.
Major matrix: Breakout level: 83 | RSI: above 60 | Pattern: Falling Wage Breakout
technical analysis: The veg breakout of a fall supported by Bullish RSI suggests short -term rapid continuity. Stock is likely to move towards its next resistance area in the coming sessions.
risk: Fertilizer stocks can be affected by government policies, subsidy delays and raw material costs.
Buy on: 85.40 | target price: 91.50- 93.00 in 1-2 weeks | Lack closed: 81.30
Fertilizer and chemistry train (Current price: 760.85)
Why is it recommended: Stock has given a breakout to a reversal head and shoulders and has also shown a falling veg brakeout on the daily chart. These double bullish patterns indicate strong upside down capacity and a possible rally in coming sessions.
Major matrix: Breakout Level: Reversal H&S and Falling Wage | Chart: Daily | Strengthening of pattern: strong
technical analysis: A combination of a reversed head and shoulders and a falling veg brakeout signal strong faster emotion. The setup is favorable for a short -term step.
risk: Being in the fertilizer sector, stock can react to change in government subsidy, seasonal demand change and raw material price movements.
Buy on: 760.85 | target price: 800- 820 in 1-2 weeks | Lack closed: 734.00
Top three FMCG stock to buy today, recommended by King Venkatramon:
Tataksam
Watch to go for a long time 1,125 and below stop to 1080 on any dips 1,040 for a reverse On 1,280 1,350 in the next 3 months.
Goodfryphlp
The last few weeks can consider going for a long time with a stable drive seen in the last few weeks 7,650 and on any dip 7,200 with a stop below stop 7,100 for a reverse On 8,500 8,800 in the next 3 months.
UBL
Go to current levels for a long time and can also see to connect 2080 with a stop below 2060 for a reversal 2300 -2350 in the next 3 months.
Two stock recommendations by Marketsmith India for 21 April
Bank of Baroda (Current price: 242.81)
Why is it recommended: Strong financial performance, improvement in asset quality
Major matrix: P/E: 6.17; 52-week high: 299.70; Volume: 102.50 lakhs
technical analysis: 200-DMA Received
risk: Credit Risk, Market and Economic Risk
Buy on: 242.81 | target price: 275 in 3 months | Lack closed: 226
Also read: Angel One March Quarter Hit by new SEBI Carb on F&O Trading
state Bank of India (Current price: 797)
Why is it recommended: Strong credit expansion
Major matrix: P/E: 8.52; 52-week high: 912, volume: 270.34 Lakh
technical analysis: Horizontal trendline breakout
risk: Asset quality concerns, interest rate ups and downs
Buy on: 797 | target price: 910 in 3 months | Lack closed: 745
About authors:
King Venkatraman Co-founder is a neotradder. Their sebi-registrated research analyst registration no. Inh000016223.
Ankush Bajaj A SEBI-Penalized Research is an analyst. Their registration number is inh000010441.
Marketsmith india: Business Name: William O’Neill India Pvt. Ltd. is its SEBI-Penked Research Analyst Registration Number INH000015543.
Investments in securities are subject to market risks. Read all the related documents carefully before investing. The registration given by SEBI and certification from NISM does not guarantee the performance of the mediator in any way or provides any assurance of returns to investors.
Rejuvenation: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions. ,
