5 stocks which can give up to 14% return

New highs appear to be the flavour of the season across the global financial markets as Nifty50 also partook in it with a record high of 10,000 plus levels.

There are many sceptics surrounding the very nature of this bull market at every rise but it has nourished itself on the back of uncertain events like Brexit and demonetisation.

In the near term, based on long term charts, we expect Nifty50 to head towards critical resistance zone of 10,350 – 10,500 levels and certainly as of now there are no signs of big crashes or corrections.

Trade is clearly visible on the long side as there is no evidence for reversal even on lower time frame charts and bulls appears to have extended their life line further as Nifty50 comfortably trading above historical landmark of 10,000 levels on closing basis.

JSW Steel: BUY| Target Rs249| Stop Loss Rs220| Return 9%

Metals as a pack is looking quite interesting for some time and JSW appears to be leading this pack with new life time highs.

Hence, traders can look into this opportunity for a target of 249 with a stop below 220 on the closing basis.

IndusInd Bank: BUY|Target Rs1747|Stop Loss Rs1630| Return 5%

Two weeks back this counter registered a new life time with a channel breakout which has thrown up a new target placed around Rs750 levels.

Friday’s move, after 2 days of corrective swing, from the lows of Rs1,640 is suggesting that it might have resumed its upswing. Hence, traders can look into this opportunity for a target of Rs1,747 with a stop of Rs1,630.

Divis Laboratories: BUY|Target Rs760| Stop Loss Rs647| Return 11%

Surprisingly, this counter remained indifferent to the carnage witnessed in the largecap pharma space suggesting that it has decoupled itself with the negativity surrounding in the sector.

Hence there is a higher probability of it resuming its uptrend and target Rs760 kind of levels. Traders are advised to maintain a stop loss below Rs647.

PVR: BUY| Target Rs1465| Stop Loss Rs1367| Return 4%

The stock saw recent drubbing from the highs of Rs1,600 found this counter taking support around its 200-day moving averages (DMA) and it appears that it is placed at a recent low of Rs1,318. It has bottomed out and embarked on a short term uptrend.

Hence, should look into this opportunity for a target of Rs1465 with a stop of Rs1367.

Escorts: BUY|Target Rs767|Stop Loss Rs630| Return 14%

The rally from the recent low of Rs635 on high volumes on the back of decent result and double bottom kind of technical formation is signalling the end of the corrective swing which is in place from the highs of Rs767.

Hence, traders should make use of the current dips to create long positions for a target of Rs767 and a stop loss of Rs630.

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