Five stocks to trade today—5 February
Subscribe to enjoy similar stories. The stock has been undergoing a lot of volatility and recent profit-booking has dragged its prices into the Kumo support region and is now spurring a rebound. The robust long body candles indicate some positive traction ahead.
With the RSI pulling back to the neutral zone and a revival thereafter, investors could look at some long opportunity and consider going long. This counter has continued to rebound from support in the last few days. The steady rise is seen inching towards the Kumo cloud, highlighting the continued upward bounce.
The long body candle close on Monday highlights positive sentiment. As the momentum is seen rising above important RSI zones, consider going long. Ahead of RBI’s policy meeting, this stock has shown some good traction and is steadily inching higher after the rounding pattern breakout seen on Tuesday.
The momentum is seen rising and pushing the prices above the clouds. The trends are clearly encouraging along with the volumes. As positive vibes begin to extend investors can look to initiate longs.
Concord Biotech Ltd: Current market price ₹2,237.25 | Buy range ₹2,210-2,245 | Profit goal ₹2,800| Stop loss ₹2,030| Timeframe 2-3 months Amber Enterprises India: Current market price ₹6,918.75 | Buy range ₹5,750-6,970 | Profit goal ₹8,500 | Stop loss ₹6,100 | Timeframe 2-3 months The calm before the storm: Three defence stocks on radar This stock has been moving in tandem with Nvidia. How deep do the parallels run? Buying the dip? These five fundamentally strong stocks are down as much as 50% from 52-week highs. About the analysts: Raja Venkatraman is co-founder, NeoTrader. MarketSmith India is a stock research platform. Investments in securities are subject to
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