Are you searching for stocks of the week? Stock prices vary every moment. Demand and Supply are the two factors that directly affect the stock price. Huge Demand leads to an increase in the stock Price as well as Supply makes the stock price decline.
Judging the state of demand/supply of a stock is not a simple task. But technical analysts can predict it easily by reading the chart.
A trader can make money by trading with both selling/Buying. But an investor has only to buy stocks for making money. A short-term investor is always in search of up-trading stocks to buy for a short period.
Few stocks are looking very strong technically. They might be put on your radar for this week. stocks of the week for the 1st week of August are listed below.
Stocks of the week for the 2nd Week of August 2022
You can put your radar on these 5 stocks of the week for the 2nd week of August listed below.
- ICICIPRULI: After hitting a low at Rs.430 on the 3rd July 2022, the stock is now trading in a range by making Higher highs and higher lows. This can be observed clearly in its weekly chart and also 10 EMA crossed to the 21 EMA, A bullish candle the previous week closed at Rs. 582.10 above the 55 EMA. This breakout Candle tells a lot of strength of the sock for its upward move in the coming days.
- NHPC: The stock price is Rs. 35.90 Now. which is trading on all the weekly moving averages. The previous week’s candle’s low also not touching its 10 EMA. This stock looks like it to touch its previous high very soon.
- ZUARI: The Stock ZUARI (Zuari Agro Chemicals) declined to touch the low of Rs. 43.25 from the high of Rs. 690 after getting the Pledge of Promoters Shares. This Quarter the Promoters holding Pledge reduced from 51.53% to 16.20%. After that, the stock is getting recovery slowly. Now it is trading at Rs. 166.45. Strong technical setup looking on its weekly as well as monthly Chart.
- 20MICRONS: This stock is trading at Rs. 108.10 now, and on both monthly and Weekly charts it looks very bullish. It can be bought with Keeping a Stop loss at its Previous Daily Candles Low.
- POWERMENCH: Another stock POWERMENCH chart is looking very strong technical Pattern. The stock price closed at Rs. 991.65 last week. It looks like to make a new high by breaking its lifetime high.
Stocks of the week for the 1st Week of August 2022
You can put your radar on KHADIM, YESBANK, MOTHERSON, VODAFONE IDEA, NLC INDIA, POLICYBZR, and SUN TV NETWORK.
In keeping the view of World Geo-Political uncertainty, an overnight investor must be very cautious Today. In this highly volatile market, an Investor has self analyze those stocks in which he/she is going to invest.
There are so many stocks listed in the NSE and BSE Indian equity markets. So one has to find out a few technically sound stocks to Invest in. These stocks may be considered stocks of the week.
KHADIM INDIA
No doubt there Khadim looks with a strong technical setup. After declining down to Rs.65.20 at the time of Covid, now it is running with making higher high swings. It is facing resistance at near Rs. 238 because Weekly 200 DMA is lying there.
The sock tried several times before and was unable to cross it. But this week it may succeed to cross the 200 DMA to touch the target of Rs. 300.
After touching the said target, the stock may take consolidation for a few days but as per its fundamental point of view, KHADIM may be chosen as a long-term Pic for future multi-bagger stock.
YES BANK
Another one for stocks of the week, which I have chosen here is Yes Bank. Today yes bank is trading at a very low price for some of its fundamental Issues. But the time came for it now. It may cross Rs. 50 very soon.
MOTHERSON INTERNATIONAL LTD.
The motor vehicle sector is one of the leading sectors helping to lift up NSE these days. The stock MOTHERSON remained under performed till now. As for its technical setup with its chart, I think MOTHERSON might be on our radar as the stocks of the week, may reach the target of Rs. 151.
A few other stocks that are looking good, are VODAFONE IDEA, NLC INDIA, POLICYBZR, and SUN TV NETWORK.
Note: Make sure to take the advice of your financial adviser before buying any stock which I have mentioned above.
Are you looking to open a Demat Account at a Good Broker? Click Zerodha, Click to AngelBroking.
