3 stocks that can give 3% intraday gains - Highlight Investment Research

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Monday 21 May 2018

3 stocks that can give 3% intraday gains

INDIAN BEST STOCK ADVISORY FIRM

Indian equities are expected to open higher amidst volatile global cues. As the benchmark index has formed an intermediate base around last week’s low, buying pressure on account of fresh long build-up and short covering could escalate in today’s trade.

Following are the 3 stocks which can trade with a positive bias in today's trade.


Symbol
CMP
Reasoning
View
 Potential Reward
Potential Risk
Akzo Nobel India 
 
Rs1947
Stock has formed a bullish engulfing candlestick pattern and has seen an uptick in volumes. The stock has also seen positive momentum on the weekly MACD histogram.
Bullish
~+3%
2%
Rupa & Company
 
Rs435
Stock is one verge of witnessing a flag pattern breakout on the daily chart. The stock has also witnessed positive momentum on the weekly MACD histogram.
Bullish
~+3%
2%
Ultratech Cement
Rs3851
The stock has witnessed short covering in derivative segment.  
Bullish
~+3%
2%

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