The Community Rip India - 17 April

What’s in Today’s Newsletter? πŸ˜‰

Hey, everyone! Welcome to today's Community RIP. Here's a preview of everything we'll be covering in today's edition.πŸ‘‡πŸ»

  • Stocks to Buy: Upto 58% Potential Upside πŸ’Έ

  • BUY Signal on Reliance πŸ’ͺ🏻

  • Positional Trade Setup on Yes Bank πŸš€

  • Stocktwits Originals: Long Term Investment Ideas 🍿

Stocktwits Alert 🚨🚨🚨

P.S. Over the next month, we’ll be transitioning our newsletter platform to Beehiiv. To help ensure our emails keep making it to your inbox, please whitelist [email protected]

Stocks to Buy: Upto 58% Potential Upside πŸ’Έ

After reaching an all-time high of 22,775 last week, the Nifty has retraced its gains this week. Currently trading around 22,175, Nifty appears to be experiencing volatility. Investors are now questioning whether this signifies a trend reversal or an opportunity to buy the dip. πŸ“ˆ

Several stocks across various sectors are showing upward trends. Brokerages have compiled a list of four stocks that retail investors may consider for the next 12 months. These stocks have the potential for gains of up to 58%, according to bullish outlooks from various brokerages. Here's the list: πŸ‘‡πŸ»

BUY Signal on Reliance πŸ’ͺ🏻

As we mentioned earlier, the Nifty50 is experiencing significant volatility. However, one of its top constituents, Reliance, has had a promising start to 2024. With 12% year-to-date returns, Reliance is among the recent picks of SEBI RA - Vipul Ramaiya. πŸš€

According to his analysis, a breakout beyond the 3,000-3,035 levels may pave the way for new highs. Vipul recommends a BUY on the stock. Check out the targets shared here: πŸ‘‡πŸ»

Positional Trade Setup on Yes Bank πŸš€

Yes Bank is often called out as one of the investors’ favourite stocks. With 56% gains in the last 1 year, Yes Bank is looking stronger than ever. πŸ’₯

According to SEBI RA - Chirag Jain, the stock has formed its base around Rs 20 and has broken its lower lows and lower high trend. Which means one can expect an upside momentum. Additionally, MACD and RSI indicators are showing strength. Considering this, Chirag is bullish on the stock. Check out the targets and stop loss mentioned by the expert SEBI RA.πŸ‘‡πŸ»

Stocktwits Originals: Long Term Investment Ideas πŸΏ

Are you on the lookout for multibagger stocks to invest in? Don't worry, we've got you covered!

In our recent video, we delve into four multibagger stock picks by Jefferies. With detailed reasoning on why one might consider investing in each of these stocks, we also share their respective targets and much more. Watch the video to learn more. πŸ‘‡πŸ»

Get In Touch

Have feedback on The Daily Rip India? Let me know using the poll below or email me (Prateek Satpute) at [email protected]!

Want to sponsor this newsletter and reach hundreds of thousands of passionate investors and traders? Reach us here.

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.