Hot Stocks 03 April 2024 🔥📈
Stock Market had a great start to the new financial year 2025. Bulls were dominating the market. Sensex and Nifty touched new highs on Monday, 1st April. Technical analyst Rajesh Bhosale said that the improvement that started in March seems to be ending. Nifty may touch a new all-time high of 22,500 from here. It can work around 22,200 as immediate support. Rajesh Bhosale also suggested 2 stocks. By investing in these stocks, investors can earn up to 10% profit in a short time.
- ICICI Prudential Life Insurance: Buying advice for ICICI Prudential Life Insurance shares. Target price is ₹670. It is recommended to put a stop loss of ₹579. This share can give up to 10% return in the short term. The shares of ICICI Prudential Life Insurance have been seeing strong resistance around ₹600 for the past two years. However, this level has now been crossed with strength and a bullish pattern is set on the ‘head and shoulders’ stock chart. On Wednesday (03 April 2024), the share was trading at ₹619 with a 0.63% decline.
- Piramal Pharma: It is recommended to invest in Piramal Pharma shares. Its target price is ₹138. It is advised to put a stop loss of ₹123. These shares can give up to 7% return in a short time. After a sharp rise from ₹88 to ₹149 in the last few months, Piramal Pharma shares have seen a good recovery. However, once again, positive momentum is being observed in prices. On Wednesday (03 April 2024), the share was trading at ₹135 with a 1.46% increase.
It is also worth noting that recent declines have been minimal, while growth has been high. In addition, its price has closed above the 20, 50, and 89-day EMAs on single daily candles, which is a rare and bullish signal. Taking all these technical structures into account, the stock is recommended to be bought around ₹129.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
