Stocks to Consider for Short-Term Trading
On August 26, renowned analysts Chandan Taparia from Motilal Oswal Financial Services and Mitesh Thakkar from earningwaves.com have identified several stocks that present promising opportunities for short-term traders. Their insights suggest that companies like Maruti Suzuki, Power Grid, and Oberoi Realty might yield favorable returns. However, it is crucial for investors to conduct their own assessments of market conditions and associated risks before making any financial decisions.
Recommended Stocks for Today
| Stock | Target Price (₹) | Stop Loss (₹) | Analyst |
|---|---|---|---|
| Maruti Suzuki | 13,500 | 12,600 | Mitesh Thakkar |
| Power Grid | 385 | 352 | Mitesh Thakkar |
| Axis Bank | 1,295 | 1,244 | Mitesh Thakkar |
| NTPC | 452 | 425 | Chandan Taparia |
| Oberoi Realty | 2,020 | 1,895 | Chandan Taparia |
| Escorts Kubota | 4,580 – 4,600 | 4,280 | Chandan Taparia |
In-Depth Analysis of Selected Stocks
1. Maruti Suzuki: Mitesh Thakkar suggests purchasing Maruti Suzuki with an ambitious target of ₹13,500. Investors should set a stop loss at ₹12,600 to manage risk effectively.
2. Power Grid: This stock also finds favor with Mitesh Thakkar, who recommends a buy with a target price of ₹385 and a stop loss suitable at ₹352.
3. Axis Bank: Another notable mention is Axis Bank, with a target price of ₹1,295 and a stop loss set at ₹1,244, as advised by Mitesh Thakkar.
4. NTPC: Chandan Taparia recommends including NTPC in your portfolio, aiming for a target of ₹452 with a stop loss at ₹425, ensuring a conservative approach to risk.
5. Oberoi Realty: According to Chandan Taparia, Oberoi Realty is a favorable investment at a target price of ₹2,020, with a safe stop loss positioned at ₹1,895.
6. Escorts Kubota: Chandan Taparia recommends Escorts Kubota with a target range between ₹4,580 and ₹4,600, while suggesting a stop loss at ₹4,280 to protect investments.
Conclusion
As always, while these recommendations are based on technical analysis and market expertise, potential investors should consider external factors and their own risk appetite. It is advisable to engage with certified investment professionals for tailored financial advice.
