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- The Community Rip India - 10 April
The Community Rip India - 10 April
Prateek Satpute
April 10, 2024
Hey, everyone! Welcome to today's Community RIP. Here's a preview of everything we'll be covering in today's edition.👇🏻
Stocks to Buy: Upto 25% Potential Upside 💸
BUY Signal on Tata Motors 💪🏻
Techno-Funda Pick: Granules 💥
Positional Trade Setup on Bandhan Bank 🚀
Stocktwits Originals: HUGE Targets on Zomato 🍿
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The markets are on a winning streak, with the Nifty hitting fresh all-time highs in consecutive trading sessions on Monday and Tuesday. With a 5% gain in 2024, the current peak for Nifty50 sits at 22,768. 📈
Riding on this index momentum, numerous stocks across sectors are experiencing upward trends. But where should investors focus their attention? Brokerages have compiled a list of 5 stocks that retail investors can consider for the next 12 months. These stocks have the potential for gains of up to 25%, according to bullish outlooks from various brokerages. Here's the list.👇🏻
The Nifty Auto index has kicked off 2024 on a positive note. With gains already reaching 18%, the auto index is poised for further improvement this year. Tata Motors, among the auto stocks, is leading the pack with a remarkable 29% year-to-date gain. 🚀
SEBI Registered Analyst Kush Ghodasara recently issued a positional BUY recommendation on Tata Motors stock. According to his analysis, the stock has been consolidating within the range of 1,005-1,015. Recently, the share price broke out of this range. He suggests buying Tata Motors Futures around the levels of 1,025. To know about the target and stop-loss, check out his complete analysis here on Stocktwits. 👇🏻
SEBI Registered Analyst Chintan Chheda has shared an exciting techno-funda pick on Granules India. To support his bullish outlook on the stock, he highlighted the following points: 👇🏻
- Price is currently in an uptrend and has broken out of a range above the levels of 431.
- A strong bullish crossover further confirms the uptrend.
Chintan recommends a BUY on the stock but suggests purchasing the shares in tranches. With a timeframe of 6-9 months, he has also shared a significant target for the stock. You can find further details, including the stop-loss, in his analysis here.👇🏻
Bandhan Bank has experienced significant underperformance in 2024, with its stock price declining by 25% this year. However, SEBI Registered Analyst Vipul Ramaiya appears to be bullish on the stock now. 💥
According to his analysis, the stock gapped lower by news of its CEO stepping down. Nevertheless, Vipul views the current price as an attractive entry point for investors, offering an excellent risk/reward ratio. He recommends buying the stock in the range of 185-186 and holding it for 1-3 months. Check out the targets and stop-loss shared by Vipul here on Stocktwits. 👇🏻
Zomato is on fire! The stock has nearly 4x in the past year to hit a new all-time high of Rs 194 p/sh! But, is it still a buy at current levels or should you wait for a dip?
Check out our latest video where we break down all the key updates on Zomato, covering both fundamental and technical analysis. Also, find out SEBI RAs’ views on the stock. 👇🏻
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Disclaimer: Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here.
