Stocks to Buy Today
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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 update on the performance of earlier recommendation every morning to help you with your trading journey. Read on, to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.
5 Stocks to Buy or Sell on 24-May-2024
1. TITAN: RECOVERY ON CARD
5paisa Recommendation: After, the corrective phase, the stock recovered from the bottom and sustained above the 38.2% retracement level and 50-days SMA support.
TITAN Share Price Target for Today:
● Action: BUY
● Buy: ₹3452
● Stop Loss: ₹3349
● Target 1: ₹3555
● Target 2: ₹3650
● Holding Period: 1 week
2. M&M: BULLISH TREND
5paisa Recommendation: The stock is continuing bullish trend with higher highs & higher lows formation. The RSI & Volume has also been supporting the upward rally. Moreover, the stock has moved above the upper Bollinger band.
M&M Share Price Target for Today:
● Action: BUY
● Buy: ₹2610
● Stop Loss: ₹2545
● Target 1: ₹2675
● Target 2: ₹2740
● Holding Period: 1 week
3. ACC: RISING VOLUME
5paisa Recommendation: After a slide correction, the stock has recovered from the bottom with rising volume activity that shows buying interest among the traders. A momentum reading is above 60 marks that supports bullish strength on the daily frame.
ACC Share Price Target for Today:
● Action: BUY
● Buy: ₹2616
● Stop Loss: ₹2538
● Target 1: ₹2695
● Target 2: ₹2770
● Holding Period: 1 week
4. SOBHA: ON THE VERGE OF BREAKOUT
5paisa Recommendation: On the daily timeframe, the stock is on the verge of bullish breakout with bullish momentum.
SOBHA Share Price Target for Today:
● Action: BUY
● Buy: ₹1885
● Stop Loss: ₹1810
● Target 1: ₹1960
● Target 2: ₹2035
● Holding Period: 1 week
5. AXISBANK: VOLUME SPURT
5paisa Recommendation: On the daily scale, the stock has formed Rounding formation and sustained above 21-days Simple Moving Average. Moreover, spurt in volume activities have been witnessed in the stock that indicates buying strength.
AXISBANK Share Price Target for Today:
● Action: BUY
● Buy: ₹1165
● Stop Loss: ₹1132
● Target 1: ₹1198
● Target 2: ₹1230
● Holding Period: 1 week
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 8404.10 | 81.1 (0.97%) |
| CAC 40 | 7217.21 | -5.66 (-0.08%) |
| DAX | 19133.80 | 79.73 (0.42%) |
| Dow | 43875.36 | 461.88 (1.06%) |
| FTSE 100 | 8144.21 | 48.93 (0.6%) |
| Hang Seng | 19343.91 | -257.2 (-1.31%) |
| Nikkei 225 | 38340.17 | 314.07 (0.83%) |
| S&P | 5978.75 | 25 (0.42%) |
| Gift Nifty | 23495.00 | 29.5 (0.13%) |
| Shanghai Composite | 3336.93 | -33.47 (-0.99%) |
| Taiwan Weighted | 22974.83 | 419.17 (1.86%) |
| US 30 | 43880.00 | 9.6 (0.02%) |
| ATX Prime | 0.00 | (%) |
| KBW Bank | 0.00 | (%) |
| ARCA Biotechnology | 0.00 | (%) |
| PSI All Share Gross Return | 0.00 | (%) |
| ISE Cloud Computing | 0.00 | (%) |
| DJC: Dow Jones-UBS Commodity Index | 0.00 | (%) |
| Dow Jones Transportation | 0.00 | (%) |
| Dow Jones Utility | 0.00 | (%) |
| Dow Jones Biotechnology | 0.00 | (%) |
| Dow Jones Oil & Gas | 0.00 | (%) |
| ARCA Pharmaceutical | 0.00 | (%) |
| First North Finland EUR PI | 0.00 | (%) |
| NASDAQ Financial 100 | 0.00 | (%) |
| NASDAQ Health Care | 0.00 | (%) |
| S&P Midcap 400 | 0.00 | (%) |
| NASDAQ Biotechnology | 0.00 | (%) |
| Nasdaq 100 | 0.00 | (%) |
| NASDAQ 100 Technology Sector | 0.00 | (%) |
| S&P 100 | 0.00 | (%) |
| S&P Small-Cap 600 Index | 0.00 | (%) |
| S&P OIL GAS EXPLOR PROD | 0.00 | (%) |
| S&P RETAIL SELECT INDUST | 0.00 | (%) |
High Performing Stocks Yesterday
| Stock Name | % Return |
|---|---|
| NIACL | Went up 4.5%, 1st target done |
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Frequently Asked Questions
To choose the best stocks to buy today, follow these tips:
1. Understand the business by doing your research. Analysing the fundamentals and technical aspects of a stock and understanding a business' prospects can help determine its fair value and ensure its alignment with your plans.
2. Building your portfolio requires a combination of quantitative and qualitative analysis. As a result, you can develop a strategy that works for you.
3. Make investment decisions without emotion. You should avoid buying a stock just because it's hyped or selling it just because it's most wanted.
4. Diversifying your portfolio will spread your risks.
The above tips will help you choose the best stocks to buy today. Invest Now
To invest in the best stocks to buy today using 5paisa, follow these steps:
1. Install the 5paisa app on your device
2. Use your customer ID and password and log into the app
3. Use the 'Pay-in' button to transfer funds to your trading account
4. Do your research to find the stocks to buy today
5. Search for desired best stocks to buy today
6. Make a purchase order
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