Buy Stocks Today: 6 short-term trading ideas from experts for February 15, 2023
“General market sentiment remains cautious to negative as rising inflation levels revived fears of further rate hikes, which could further deteriorate economic health,” said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities.
Technically, Nifty’s strength can be seen above 17973 with aggressive bullish targets at 18300 with a two-week perspective, he said.
On Tuesday, Nifty had formed a long bull candle on the daily charts as it surpassed its falling supply trend line by connecting all swing highs of 18887, 18696 and 18201. Now it needs to hold above the 17888 zones to move up to 18018, then 18081 zones while placing supports in the 17850 and 17777 zones, Chandan said
For traders with a short-term trading horizon, we have compiled stocks from various experts:
Jatin Gedia, Technical Research Analyst, Sharekhan by, told ET Bureau
: BUY | Target Rs 900| Stop loss Rs 854
The breakout of the down-sloping channel indicates a trend reversal. Samvardhana Motherson: BUY | Target Rs 86| Stop loss Rs 77
The stock is consolidating after a strong rise. We expect this consolidation to break to the upside.
Tata Communication: BUY | Target: Rs 1,305| Stop loss Rs 1,213
Support of 61.82% Fibonacci retracement level and formation of a bullish outside candlestick pointing up.
Expert: Nooresh Merani, an independent technical analyst told ETNow
| Buy | Target 2,500 rupees | Stop loss Rs 2,300 | BUY | Target Rs 920| Stop loss Rs 850
MGL | BUY | Target: Rs 1,050| Stop loss Rs 870
(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own. These do not represent the views of Economic Times)
https://economictimes.indiatimes.com/markets/stocks/news/stocks-to-buy-today-6-short-term-trading-ideas-by-experts-for-15-february-2023/articleshow/97936251.cms Buy Stocks Today: 6 short-term trading ideas from experts for February 15, 2023