Recommended stocks to watch: Top 8 stock picks by market experts for 3 March
Are you looking for some investing insights to make the most of the upcoming trading session? Look no further! Our expert analysts have compiled a list of the top 8 stock picks for 3 March, backed by strong market trends and technical analysis. From Cartrade Tech to HDFC Bank, these recommendations are designed to help you navigate the ever-volatile market landscape with confidence.
Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:
-
Cartrade Tech: Buy at ₹1,530, stop ₹1,505, target ₹1,650-1,690
The stock has undergone some profit booking, but is now seen moving into a strong set of supports, indicating a potential turnaround. With the strong rise seen on Friday, demand is emerging at lower levels, making it an attractive long-term hold. -
ITD Cementation India: Buy above ₹540, stop ₹515, target ₹580-595
A long-body formation on the charts has triggered an encouraging response, and the moving average bands are offering a steady demand that’s triggering some long opportunities. As trends flip positive again, it’s a good time to buy. - Shankara Building Products: Buy above ₹555, stop ₹535, target ₹595-615
A round pattern on the intraday charts beyond the gap region makes it a strong candidate for some upside. The momentum has seen some pullback, so we can look to buy for some upside in the days ahead. A move above ₹555 augurs well for the prices, poised to head higher beyond the cluster highs.
Three stocks to buy, as recommended by Ankush Bajaj:
-
Shriram Finance: Buy at ₹617 | Target ₹645-660 | Stop loss ₹598
On the hourly chart, the stock has given a flag breakout, and with an anchored volume-weighted average price (AVWAP) from the recent top, the stock is trading above that level. Relative strength index (RSI) is also indicating bullish momentum. -
Hindalco: Buy at ₹634 | Target ₹650-656 | Stop loss ₹624
The stock has shown strong strength until it made a high of ₹650 levels. After that, some selling pressure was observed, bringing it down to ₹620 levels. At the current level, the stock is expected to bounce back to its zone of ₹660, and if it sustains above this level, we could see an upside move to ₹700 levels. - HDFC Bank: Buy at ₹1,732 | Target ₹1,760-1,780 | Stop loss ₹1,710
If we analyze Friday’s price action, the banking sector outperformed the broader market, with HDFC Bank providing strength and closing on a positive note. On the hourly chart, the RSI indicates bullish momentum, and if the market supports today, HDFC Bank could see a strong upward move.
Stocks recommended by MarketSmith India:
- HDFC Bank Ltd: Current market price ₹1,732.40 | Buy range ₹1,715-1,745 | Profit goal ₹1,870 | Stop loss ₹1,670 | Timeframe 1-2 months
- Coal India Ltd: Current market price ₹369.35 | Buy range ₹362-372 | Profit goal ₹430 | Stop loss ₹340 | Timeframe 1-2 months
Remember, investing in securities is subject to market risks. Always read all related documents carefully before investing, and consider consulting certified experts to make informed decisions. Keep an eye on the market trends and technical analysis to maximize your returns. Happy trading!
Live News Daily is a trusted name in the digital news space, delivering accurate, timely, and in-depth reporting on a wide range of topics.