Every morning our analysts scan through the markets universe and choose one of the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the preferred ones make it to the leading 5 list. We also updateon the performance of earlier recommendation every morning to help you with your trading journey. Read on, to know the momentumstocks to buy today. The average holding period could be between 7-10 days on average.
5 Stocks to Buy or Sell on 2-Apr-2024
1. CROMPTON: VOLUME SPURT
On the daily chart, the stock has surpassed the immediate hurdle around 275 and sustained above it with higher volume.
5paisa Recommendation: Our technical experts expects VOLUME SPURT in this stock hence makingCrompton Greaves Consumer Electricals one of the best stock to buy today.
2. BPCL: POSITIVE CROSSOVER
On the daily scale, a momentum indicator RSI witnessed positive crossover and price has also settled above 21-days EMA, which suggests resumption of up-move for the near term.
5paisa Recommendation: Our technical experts expects POSITIVE CROSSOVERin this stock hence making Bharat Petroleum Corporation Limited one of the best stock to buy today.
3. IRCTC: BULLISH MOMENTUM
The stock is in bullish momentum on the daily chart and the volume activities have been rising gradually. Hence, the price has been trading positively with the support of 50-days SMA.
5paisa Recommendation: Our technical experts expects BULLISH PATTERN BREAKOUT in this stock hence making Havells India one of the best stock to buy today.
5. JSWSTEEL: ON THE VERGE OF BREAKOUT
On the daily timeframe, the stock is on the verge of bullish breakout with bullish momentum.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist? Nvidia (NVDA), Abercrombie & Fitch (ANF), Modine Manufacturing (MOD), KLA (KLAC) and KB Home (KBH) are prime candidates.
Day traders try to make money by exploiting minute price movements in individual assets (stocks, currencies, futures, and options). They usually leverage large amounts of capital to do so. In deciding what to buy—a stock, say—a typical day trader looks for three things: Liquidity.
The opening period (9:30 a.m. to 10:30 a.m. Eastern Time) is often one of the best hours of the day for day trading, offering the biggest moves in the shortest amount of time. A lot of professional day traders stop trading around 11:30 a.m. because that is when volatility and volume tend to taper off.
Power hour between 3:00 pm and 4:00 pm is also a very popular time. The best time to buy stocks is 9:30 am to 11:00 am EST because the market is most liquid. During lunchtime, you're up against HFCs or high-frequency computers, which is the most difficult time to trade due to a lack of liquidity.
Introduction: My name is Terrell Hackett, I am a gleaming, brainy, courageous, helpful, healthy, cooperative, graceful person who loves writing and wants to share my knowledge and understanding with you.
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