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Saturday 20 January 2018

Capitalstars Updates: 3 Stocks to buy ahead of Union Budget 2018: 20 Jan 2018

Capitalstars Updates: 3 Stocks to buy ahead of Union Budget 2018


Markets continue to remain on a hot streak in a buildup to the Union Budget 2018. As the focus will now shift towards an announcement of the expected government policies during the budget session, following are the 3 stocks that are likely to witness positive momentum in the coming weeks.






Symbol
CMP
Reasoning
View
 Potential Reward
Potential Risk
DHFL
Rs 612.5
An expected Double bottom chart pattern breakout as the Government could announce major benefits for the affordable housing sector, which could indirectly benefit the housing finance companies.
Bullish
~+8%
5%
Container Corporation of India.
Rs 1473
Dedicated Freight Corridor to provide a boost to transportation and logistics companies. Technically the stock has given a Channel pattern breakout.
Bullish
~+8%
5%
Coal India
Rs 284
A positive announcement on power for all project could reap benefits to the stock. Technically it has given a bullish Inverse Head & Shoulder breakout.
Bullish
~+8%
5%


















Investment  & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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