Market trading guide: Buy ACME Solar and Dalmia Bharat on Monday for short-term gains up to 16%. Here’s why
Why it matters: Investors face conflicting advice: bearish market outlook versus specific stock buy recommendations for short-term gains.
- Rupak De of LKP Securities identifies sustained short-term bearish momentum in the broader market, advising a 'sell-on-rise' strategy with resistance at 23,500 and potential weakness below 22,800.
- Kunal Kamble of Bonanza Portfolio recommends buying ACME Solar at Rs 269, targeting Rs 290/310 (15% upside), due to a bullish breakout above its consolidation zone with rising volumes and strong momentum indicators.
- Kamble also suggests buying Dalmia Bharat at Rs 346, targeting Rs 380/400 (16% upside), noting a strong breakout above its key resistance zone, supported by a sharp rise in volumes and positive momentum indicators.
Despite a prevailing bearish market sentiment, two analysts offer contrasting short-term trading strategies. Rupak De suggests a 'sell-on-rise' approach due to bearish indicators, while Kunal Kamble recommends buying ACME Solar and Dalmia Bharat for potential short-term gains of up to 16%, citing bullish technical breakouts for both stocks.
