Markets continue to remain on a hot streak in a buildup to the Union Budget 2018. As the focus will now shift towards an announcement of the expected government policies during the budget session, following are the 3 stocks that are likely to witness positive momentum in the coming weeks.
Symbol
|
CMP
|
Reasoning
|
View
|
Potential Reward
|
Potential Risk
|
DHFL
|
Rs 612.5
|
An expected Double bottom chart pattern breakout as the Government could announce major benefits for the affordable housing sector, which could indirectly benefit the housing finance companies.
|
Bullish
|
~+8%
|
5%
|
Container Corporation of India.
|
Rs 1473
|
Dedicated Freight Corridor to provide a boost to transportation and logistics companies. Technically the stock has given a Channel pattern breakout.
|
Bullish
|
~+8%
|
5%
|
Coal India
|
Rs 284
|
A positive announcement on power for all project could reap benefits to the stock. Technically it has given a bullish Inverse Head & Shoulder breakout.
|
Bullish
|
~+8%
|
5%
|
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