Stock to Invest to Earn Big Money in Just a Few Days

 

Indian shares experienced a decline on Monday, February 26, marking the start of the week.

However, Osho Krishna, Senior Analyst in Technical & Derivatives Research at Angel One, remains optimistic about the overall market trend, suggesting that the recent dip might be a favorable signal for the bulls.

Krishna emphasizes that Nifty, a key index, has a robust support level at 22,000. Should the index breach this level, the next support is identified at the 20-day Exponential Moving Average (EMA), ranging from 21,900 to 21,850.

Breaking this level could potentially alter the market sentiment. On the positive side, Krishna identifies the resistance for Nifty between 22,350 to 22,500.

In addition to market analysis, Krishna provides investment recommendations for two stocks that exhibit strength in their technical charts and present opportunities for investors in the upcoming 2-3 weeks.

The first recommended stock is Computer Age Management Services (CAMS). Krishna suggests investing in this stock, setting a target price of Rs 3,320, and advises placing a stop loss at Rs 2,990.

CAMS shows a robust uptrend, comfortably positioned above its key Exponential Moving Averages on the daily chart.

Notably, the stock has reached a new 52-week high with a multi-month breakout, supported by increased trading volumes.

Technical indicators provide bullish signals, indicating potential further upside. Krishna recommends buying this stock in the range of Rs 3,110-3,100.

The second stock recommendation is Shriram Finance, with a buying advice. The target price for this stock is set at Rs 2,620, and the stop loss is suggested at Rs 2,445.45.

Shriram Finance has been following a higher high-higher low cycle, trading near its lifetime high, which is considered positive.

Any slight decline towards the 21-day moving average is viewed as a positive sign for buyers.

From a technical perspective, the stock is displaying upward movement from its higher lows and appears poised to enter uncharted territory.

The 14-day Relative Strength Index (RSI) is also signaling a bullish crossover, adding to the positive outlook. Krishna recommends buying Shriram Finance in the range of Rs 2,440-2,430.

In conclusion, despite the initial decline, Krishna’s analysis and recommendations suggest potential opportunities for investors in the current market conditions.

Source:

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Best Stock to Invest: 2 Stock Recommendations for Quick Gains