These 7 stocks can give strong returns in a short time, do you have them?

Multibagger Stock: The stock market has reached its all-time high, the risk of a correction is increasing. We are already seeing uncertainty on the interest rate front and the Evergrande crisis. But in the meantime there are some stocks that can give good opportunities to earn money in the short term. Market experts are advising to invest in these stocks.

ITC: target Price: Rs 267
The stock is currently attempting an upside breakout above the previous swing high of Rs 240. Therefore, a decisive move above this barrier could have a sharp positive effect in the near term. The volume has started expanding as the stock price rises. The weekly 14 period RSI has moved above the 60 level. Buying can be started in ITC on CMP. Add up to Rs 230 on downside, wait for target above Rs 267 in next 3-4 weeks. Put a stop loss at Rs 223.

PVR: target price Rs 1,660
The stock moved above the crucial hurdle of the down sloping trend line at Rs 1,400 level on the weekly chart and is now trading higher. This upside breakout was accompanied by an increase in volumes and the weekly DMI/ADX oscillator indicates further consolidation of the share price upward momentum. One can consider buying PVR on CMP, add up to Rs 1,445 on downside and wait for the target above Rs 1,660 in next 3-4 weeks. Put a stop loss at Rs 1,405.

indusind bank: target Price: Rs 1,250
The price movement in IndusInd Bank Share indicates a breakout of a major rectangle pattern. The stock is trading in the range of Rs 1,060-960 since May 2021. This month saw a breakout in the pattern. This is a massive breakout from action in a range. The breakout on September 16th is a bullish development as it was accompanied by a gap and since the breakout was from a major pattern, it is a breakaway gap. The stock should rally to Rs 1,100 and above Rs 1,250. Keep the stop loss below Rs 775 and hold for 6-8 weeks.

Kotle-Patil Developers: Rs 450
When we examine the price action in Kolte Patil for the past several weeks, we see that historically Rs 278-288 was a formidable hurdle for over two years. In the last 2 weeks, the price has managed to move above a hurdle due to a very good increase in volume. It appears to be a good quality breakout as it has time dimensions as well as good quality of breakouts. Rise of Rs 400 and above in Kolte-Patil is likely to reach Rs 450. Must be kept for at least 6-8 weeks.

HPCL: target Price: Rs 315
Hindustan Petroleum expects a rise in the stock as the bullish movement momentum continues. The stock has got support at 200-DMA. Buy above Rs 283 with a target of Rs 315 and keep a stop loss of Rs 244 for a medium term perspective.

canfin homes: target price : Rs 680
The stock reversed above the 200-DMA support and then saw a change in the momentum of the stock. Indicators like MACD and RSI indicate that the stock is likely to continue the momentum. The stock has recently given a breakout to the sideways channel as well. This stock can be bought with a target price of Rs 680. Stop loss should be maintained at Rs 485.

britannia: target Price: Rs 4,350
The stock has gained momentum since Britannia recently crossed its all-time high. Momentum indicators like MACD and RSI indicate that the stock is likely to continue the momentum. The stock can be bought with a target price of Rs 4,350. Investors are advised to maintain stop loss at Rs 3,790.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

Read also:

Multibagger Stock Tips: If you had invested Rs 5 lakh in this multibagger stock a year ago, you would have got Rs 18.94 lakh today

Share Market: Sensex rose 10 thousand points in 167 days, know which 4 major companies contributed the most