As bulls make a strong comeback on Dalal Street ahead of the busy festive season, select stocks have seen a strong rebound on a technical basis, signalling a sharp break-out. A host of market analysts believe that a number of stocks can deliver strong returns in the near term, if one goes by the charts. Based on their recommendations, here are seven stock ideas that can rise sharply in up to 8 weeks:
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on December 26, according to stockedge.com’s technical scan data.
December 27, 2024