Stocks

Looking To Buy Stocks In Today’s Dip? Ventura Securities’ Technical Picks Here

Multibagger stocks to buy today: Market magnet Warren Buffett had once said that be fearful when other are greedy and be greedy when other are fearful. The billionaire investor tried to convey a message from this quote that shopping at discounted price holds well in stock market as well. Hence, an smart investor buys stock when there is huge or decent fall in the market while these investors avoid taking any fresh position when the market is under bulls’ control.

taking cue from Warren Buffett; Bharat Gala, President – Technical Research at Ventura Securities Ltd has recommended two multibagger stocks to buy today as the market has been falling for last two sessions. The technical expert of Venture Securities has recommended positional investors to take advantage of this falling market and buy shares of Rana Sugars and HBL Power Systems expecting strong upside in both counters.

Speaking on Rana Sugars shares; Bharat Gala of Ventura Securities said, “The stock price started its up move from 2.60 (May 2020) to 38.30 (July 2021), making series of higher bottoms & higher tops. From November to July 2021 the stock traded in range of 22 to 38 Price Zone. Recently the stock gave Range breakouts & made a high of 43.70 accompanied by supportive volumes. The stock continuously traded above average and Super Trend was in Positive Mode. The possible targets are 75. If the stock price corrects downwards the buy levels are 38 to 36 and 34 to 32.” However, he strictly advised investors to maintain stop loss at 30 levels.

Recommending buy on HBL Power Systems shares, Ventura Securities expert said, “The stock price started its up move from 15 (Sept 2020) to 83.60 (Feb 2022), making series of higher bottoms & consolidation patterns. During the move the stock continuously traded above averages & Super trend was in Positive mode. From Nov 21 the Up Trend was supported by above average volumes. Recently the stock gave Range breakouts & made a high of 74.7 accompanied by highest weekly volumes since 2020. The possible targets are 100 and 135. If the stock price corrects downwards the buy levels are 71 to 68, 66 and 64 to 62.” He advised investors to maintain strict stop loss at 57 while taking position in the multibagger stock.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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