Before the results of Lok Sabha elections, there is tremendous volatility in the stock market. But in the meantime, there are some shares on which if you keep focus then you will avoid loss and can also make profit. First of all, let us talk about the shares of CG Power. When the stock market opens on May 21, there could be a huge surge in the shares of CG Power. Actually, a block deal is going to happen in the shares of CG Power on 21st May. According to the information received so far, a foreign shareholder company can sell shares worth Rs 425 crore. That means during this period FII can sell 65 lakh shares through block deal.
The block deal in CG Power shares is expected to be 2-3 percent below the market price. When the market opened for special trading on Saturday, May 18, shares of CG Power closed at Rs 663 with a rise of 5.28 percent. So far this year, the company's shares have risen by 47.46 percent. Whereas in the last one year, CG Power shares have given returns of up to 87.28 percent.
Now we are telling you about some such stocks on which brokerage houses are bullish. If you also have any of these shares then please tell us in the comment box.
If you want to earn quick profits then you can rely on Hindalco shares. If you want to invest money in it then buy 660 rupees 35 paise. Your share can go up to Rs 710 in the next few days. But during this period, definitely set a stoploss of Rs 635 so that you do not lose your money while trying to make profits. Hindalco share price is trading above strong support and resistance levels. There is strong support at 635, which is associated with its 20-DMA. Minor resistance is visible at the level of 666. After crossing this, Hindalco shares can rise to Rs 710 and beyond.
The second stock is Ashok Leyland. If you want to invest in it, then buy it around Rs 210.60. While its target price is Rs 228. But the most important thing is to put a stop loss at Rs 200. Ashok Leyland shares are showing strength. Its shares have broken out of flag and pole pattern above 204 on the daily chart. Which indicates further strength in its shares. There is strong support at the level of 200. It is trading above its short term (20-day), medium term (50-day) and long term (200-day) EMA levels. This is indicating a strong bullish trend.
The third share is Gail. It can be bought at a price of Rs 208.75 while its target price is Rs 225. To avoid any big loss, you can also set stoploss at Rs 204. GAIL shares remain above support and resistance levels. 200 has strong support near its 20-day EMA. This support level is special to maintain the momentum in the stock. It is currently trading above its short-term, medium-term and long-term EMA levels, indicating a solid bullish trend.
