Best stocks to buy in India for Short Term: Indian stock markets closed lower consecutively for the second week ended 29 October 2021. Heavy selling pressure by the FIIs, weak cues from the Asain market peers, and mixed corporate earnings were the reasons behind the market fall in the last week. In the short term view, markets are looking slightly bearish but one can accumulate good quality stocks on dips. We have run our scanner and found out the 3 best stocks to buy in India for short-term in November 2021 for a good return.
3 best stocks to buy now
Canara Bank share price target for November 2021
The Canara Bank share price touched a 52-week high of Rs 218.70 on 29 October 2021 and closed at Rs 214.50. It has gained 152% from its 52-week low of Rs 84.8 touched on 2nd Nov 2020. The Canara Bank share price gained 9.77% with huge volume on the last day of the week, 29 October 2021.
Technically, the RSI of Canara Bank is below the overbought zone one can accumulate even at current levels. The MACD is at 9.9 and the Signal line is at 9 indicates the stock is bullish. The Canara Bank share price is trading above all available EMAs. The share price has formed a Bullish Engulfing pattern in the daily chart and it indicates that the bulls have taken control of price movement from the bears.
After Analysing other parameters we recommend you to buy the stock now at the current market price or on dips around up to Rs 202 with a stop loss of Rs 190 for the target of Rs 231-254-288
Interglob Aviation Ltd (Indigo) share price target for November 2021
The Indigo share price has touched a 52-week high at Rs 2307 on 22nd September 2021. It has touched a 52-week low of Rs 1285 on 2nd November 2020. Last Friday the Indigo share price gained 8.87 percent and closed at 2175.20. It has closed with high volume on 29 October 2021.
Technically, the stock is looking strong. The RSI is not yet touched the overbought zone. The MACD line is above its center and the signal line indicates the counter is bullish. The share price of Interglob Aviation is trading above all available EMA’s also indicates a buy signal for the stocks.
Our recommendations, After analyzing the other parameter of this stock, we recommend that one can buy the stock at the current market price with a stop loss of Rs 1978 for the target of Rs 2310 – 2475
ABB India share price target for November 2021
The ABB share price has touched a 52-week high of Rs 2153.8 last Friday 29 October 2021. It has gained 144% in one year from its 52-week low of Rs 868 on 2nd November 2021. Last Friday, ABB India’s share price closed at Rs 2119.90, a 6.87% up with huge volume, out of which 46% are delivery volume.
Technically, the ABB India share price is strong and uptrend. The RSI is at 75.5, showing slightly in the overbought zone. The MACD is at 34, which is above the Signal line and center, indicating the stock is bullish. ABB India’s share is trading above all available EMA’s indicating a buy signal for this stock.
Our recommendations- After Analysing other parameters of this counter we conclude that you can buy the stock at the current market price or on dips up to the level of Rs 2010 with a stop loss of Rs 1940 for the target of Rs 2300- 2510
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