Best swing trading Stocks to buy in the second week of August 2022 for a multibagger return in September 2022.
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| Marketpost.in |
The Stock market was quite volatile last week and ended 12 days rally on a negative note, Nifty closed its nearest support level of 17,758. In the August series, most sectors, barring oil & gas helped the market to rally and touch the 18,000 level.
The index formed a bearish pattern in the daily chart and is expected to be sideways in the last week of August 2022 and the stock-specific approach will help the trader and investors to make money in the short term.
Today we have selected two such shares which look attractive in the chart and will be in an uptrend in the coming days.
The short-term investor can at look this as the best swing trading opportunity to make a multi-bagger return in the short term.
1. K P R Mill Ltd.
K.P.R. Mill is engaged in one of the largest vertically integrated apparel manufacturing Companies in India. The Company produces Yarn, Knitted Fabric, Readymade Garments and Wind power.
The company produces a wide range of products viz. yarn, fabric, garments, sugar, molasses, ethanol, automobile parts and others. It has a presence across the textile, sugar, power and automobile industry.
After a few months of consolidation, the stock has given a break out in the last trading days, We have to buy recommendations on the stock with a Target price of Rs 720. CMP 613.
2. Eicher Motors Ltd.
Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles.
Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited. VECV is engaged in truck and bus operations, auto components business, and technical consulting services business.
The stock has been given a weekly close above its 5 years consolidation and is ready for an up move.
We have a buy recommendation on the stock with a Target Price of Rs 4200.CMP 3424.
Tags,#Swingtrading,#BestStockstobuy,#Moneycontrol,#Business,#Investing.
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