The 3 best shares/stocks to buy today for the short term in Feb 2021
The 3 best shares to buy today for the short term: We have selected the below three Nifty50 stocks as the best shares to buy for the next week on 15th February 2021. The analysis of the below shares is done based on Fundamental, Technical analysis, and Data analysis. So here are the three best shares to buy for the next week.
Best share to buy today – Shree Cement Ltd CMP- Rs 27965.85 | Dt-12-02-2021| Target price Rs 29430
Shree Cement Ltd is the first share to buy today. The company is one of Inda’s premier cement makers having spread mainly over North and East India across six states with a current install capacity of 34.9 million tonnes. The accompany has announced robust Q3 earnings results on 30th January.
The last trading share price of Shree Cement was Rs 27965.85 on 12 February. The share price of Shree Cement has touched a 52-week high at Rs 285991 and a low at Rs 15410. On a weekly basis, the share price of Shree Cement gained 4.65 percent.
The share price of Shree Cement is looking technically strong, its RSI is 67.0, not in the overbought zone. According to MACD analysis, the MACD line is 1071, and Signal Line is 623 indicates technically strong on a daily chart. According to the exponential moving average analysis, Shree Cement’s share price is in a strong uptrend and has major support levels at 26126-24920- 22714.
Our Stock Recommendations: You can buy the share for the short term target of Rs 29430 with a stop loss of Rs 27010. You can also hold the stock for the medium-term for the target of Rs 30105.
The second best share to buy today – M&M Ltd CMP- Rs 908.55 | Dt-12-02-2021| Target price Rs 990
Mahindra & Mahindra (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. The company has announced very good Q3 earnings on 5 February. The share price of M&M closed at Rs 908.55 on the last trading day on 12 February 2021.
The share price of M&M has touched a 52-week high at Rs 952.05 and a low at Rs 245.4. On a weekly basis, the M&M share price has gained 4.97 percent.
The share price of M&M is looking technically strong, its RSI is 67.8 not in an overbought position. As per the daily MACD chart, the MACD line is at 40 and the Signal line is at 29 indicates a technically strong. According to exponential moving average analysis, M&M is in a strong uptrend and has major support levels at Rs 844-786-660.
Our Stock Recommendation: You can buy the share M&M at the current market price for the short term target of Rs 950 with the stop loss of Rs 897. You can also hold the stock for the medium-term target of Rs 990 with a stop loss of Rs 888.
The third best share to buy today – HDFC Ltd CMP- Rs 2791.5 | Dt-12-02-2021| Target price Rs 2926
The Housing Development Finance Corporation (HDFC) limited is pioneered in housing finance and mortgage and it is associated with the Indian housing sector for the last four decades. The share price of HDFC closed at Rs 2791.5 on 12th February 2021.
The HDFC share price has touched a 52-week high at Rs 2809 and a low at Rs 1473.45. On a weekly basis, the HDFC share price has gained 2.57 percent.
The HDFC share price is looking technically strong on a daily chart. Its RSI is at 65.1, not an overbought position. According to MACD daily chart analysis, HDFC is technically strong. The MACD line is at 62 and the Signal line is 42. According to the exponential moving average basis, HDFC share price is in a strong uptrend. It has a major support level at 2665-2540-2198.
Our Stock Recommendations: You can buy the share HDFC at the current market price for the short term target of Rs 2852- 2926-3000 with a stop loss of Rs 2704-2665
You may also like to read, Index of Industrial Production (IIP) | CPI data today 12 Feb
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