The stock market saw a lot of selling on Friday (September 6). Amidst this decline, many stocks are seen at good valuations for positional traders.
A brokerage house has given its call on 2 such stocks, which can have good movement in the next 10 days and can bring great profits. These stocks include Sunteck Realty Ltd (NSE: SUNTECK) and Healthcare Global Enterprises Ltd (NSE: HCG).
Sunteck Realty
The brokerage house has been made a momentum pick for Sunteck Realty Ltd. The target is 620.
Stoploss has to be kept at 562. CMP is 583.
A 10-day view has to be kept on the stock. It has to be added at the level of 575.
The brokerage says the stock is ready to show an upside bounce after a slight decline / sideways consolidation. The short-term trend has turned positive.
HealthCare Global
The brokerage house has been made a momentum pick for Healthcare Global Enterprises Ltd. The target is 432. Stoploss is 382. CMP is 410.
A 10-day view has to be kept on the stock. In this, the average has to be done at the level of 387.
The brokerage says the stock has broken out of its short-term consolidation. Higher top and higher bottom are being formed on the daily chart. There is bullish sentiment on the daily chart.
Quick Fact
Table 1: Sunteck Realty
| Company name | Sunteck Realty |
|---|---|
| CMP | 583 |
| Possible Target | ₹620 |
| Stoploss | ₹562 |
| Time | 10 days |
| Add Level | ₹575 |
| Trend | Positive |
| Market Movement | Upside bounce |
Table 2: Healthcare Global
| Company name | Healthcare Global |
|---|---|
| CMP | 410 |
| Possible Target | ₹432 |
| Stoploss | ₹382 |
| Time | 10 days |
| Add Level | ₹387 |
| Trend | Bullish sentiment |
| Market Movement | Higher top & bottom |
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