Best Stocks To Buy Today: SHREEPUSHK, Chalet Hotel Among Top 5 Picks For December 13, 2024

Gaurang Shah, Senior Vice President of Geojit Financial Services, said, “These numbers (India CPI) are unlikely to have any major impact on the market—it will likely just consolidate"

TTML has broken through a descending trendline, indicating a shift towards an uptrend, as per the analyst

Source : ABPLIVE AI

The Indian indices opened lower on December 13, following weak global cues, with the Nifty falling below 24,500. At the time of opening, the Sensex dropped by 187.75 points, or 0.23 per cent, to 81,102.21, while the Nifty declined by 52.60 points, or 0.21 per cent, to 24,496.10. Of the shares traded, 1,177 advanced, 1,169 declined, and 133 remained unchanged.

Gaurang Shah, Senior Vice President of Geojit Financial Services, said, “These numbers (India CPI) are unlikely to have any major impact on the market—it will likely just consolidate. We are currently in a consolidation zone, with the Nifty expected to range between 24,200–24,400 on the lower side and 24,600–24,750 on the higher side. While the markets remain within this range, we can expect stock-specific and sector-specific movements, as seen throughout this and the previous week.”

Stock Recommendations By Kunal Kamble, Senior Technical Research Analyst At Bonanza

Chalet Hotel

Chalet Hotel has broken through a multi-month resistance level, signalling a bullish breakout. The surge in volume during this move indicates strong buyer interest in the stock. Additionally, the price is trading above both the 20 EMA (fast) and 50 EMA (slow), confirming bullish momentum. 

Analysts suggest taking a long position in Chalet Hotel, provided the stock maintains support above the 910 level. The expected target range is Rs 1200–Rs 1300.

TTML

TTML has broken through a descending trendline, indicating a shift towards an uptrend. The surge in volume during the breakout underscores strong buyer interest in the stock. Moreover, the price trades above both the fast 20 EMA and the slow 50 EMA, confirming bullish momentum. A long position in TTML can be considered, provided the stock holds support above the Rs 78 level. The expected target range is Rs 110–Rs 130.

BLISSGVS

BLISSGVS, after completing its 4th sub-wave, has begun its 5th impulsive sub-wave, signalling a continuation of the uptrend. Following profit booking at higher levels, the stock has successfully closed above its previous high with increased volume, indicating strong buyer interest. Additionally, the price is trading above both the fast 20 EMA and the slow 50 EMA, confirming bullish momentum. Given this technical setup, a long position in BLISSGVS can be considered, provided the stock holds support above the Rs 150 level, with an expected target range of Rs 225–Rs 245.

STARCEMENT Ltd

STARCEMENT Ltd has broken out of a falling wedge pattern, signalling the beginning of an uptrend. The surge in volume indicates strong buyer interest at current levels. The stock has successfully closed above both the fast 21 EMA and the slow 50 EMA, confirming bullish momentum. Based on this technical setup, a long position can be considered, provided the stock holds above Rs 190, with potential targets in the range of Rs 260–Rs 300.

SHREEPUSHK

SHREEPUSHK has broken out of a Cup and Handle pattern on the monthly timeframe, closing above its all-time high, signalling a strong bullish sentiment. The surge in volume underscores significant buyer interest. The price trading above key EMAs further confirms the positive outlook. Given this technical setup, buying opportunities in SHREEPUSHK can be considered, provided the stock stays above Rs 280, with an expected target range of Rs 520–Rs 620.

Disclaimer: The views and recommendations provided above are those of individual analysts or brokerage firms, and do not reflect the opinions of ABP Live. We recommend that investors consult certified experts before making any investment decisions.