| STOCK | ACTION | TRADE PRICE | SL | TARGET 1 | TARGET 2 |
|---|---|---|---|---|---|
| SBICARD | BUY | 752 | 722 | 783 | 810 |
| VEDL | BUY | 338 | 324 | 352 | 365 |
| DEVYANI | BUY | 165 | 156 | 173 | 182 |
| ICICIBANK | BUY | 1107 | 1074 | 1140 | 1175 |
| MCX | BUY | 3732 | 3620 | 3845 | 3950 |
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Every morning our analysts scan through the markets universe and choose one of the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the preferred ones make it to the leading 5 list. We also updateon the performance of earlier recommendation every morning to help you with your trading journey. Read on, to know the momentumstocks to buy today. The average holding period could be between 7-10 days on average.
5 Stocks to Buy or Sell on 10-Apr-2024
1. SBICARD: RECOVERY ON CARD
5paisa Recommendation:After, the corrective phase, the stock recovered from the bottom and sustained above the 23.6% retracement level and 50-days SMA support.
SBI Cards and Payment Services Share PriceTargetfor Today:
● Action: BUY
● Buy:₹752
● Stop Loss:₹722
● Target 1:₹783
● Target 2: ₹810
● Holding Period: 1 week
2. VEDL: BULLISH MOMENTUM
5paisa Recommendation:After surpass the hurdle around 290 levels, the stock has been rising continuously with positive volume and RSI strength that suggests momentum for the near term.
Vedanta Share PriceTargetfor Today:
● Action: BUY
● Buy: ₹338
● Stop Loss: ₹324
● Target 1: ₹352
● Target 2: ₹365
● Holding Period: 1 week
3. DEVYANI: RISING VOLUME
5paisa Recommendation:After the sideways move, the stock started to pickup volume gradually that shows buying interest among the traders. A momentum reading also witnessed positive crossover on the daily frame.
Devyani InternationalShare Price Targetfor Today:
● Action: Buy
● Buy: ₹165
● Stop Loss: ₹156
● Target 1: ₹173
● Target 2: ₹182
● Holding Period: 1 week
4. ICICIBANK: BULLISH PATTERN BREAKOUT
5paisa Recommendation:On the daily timeframe, the stock has given Pennant Pattern breakout and also moved above 50-SMA on an hourly chart. A momentum indicator RSI reading is at 65 that indicates bullish strength in the prices.
ICICI Bank Share Price Targetfor Today:
● Action: Buy
● Buy: ₹1107
● Stop Loss: ₹1074
● Target 1: ₹1140
● Target 2: ₹1175
● Holding Period: 1 week
5. MCX: CONSOLIDATION BREAKOUT
5paisa Recommendation:On the daily chart, the stock has confirmed consolidation breakout and moved above falling trendline. The price has also sustained above 50-days SMA with spurt in volume activity that shows further bullishness.
