Nifty likely to head towards 10650-10700; 5 stocks which can give up to 19% return

On the technical grounds as far we are maintaining above 10200 spot levels current trend is likely to continue towards 10650-10700 moving forward.

Here is a list of top 5 stocks which can give up to 19% return in the short term:

Tata Power Company Limited: BUY| Target Rs111| Stop Loss Rs91| Return 13%

The stock has been trading in a rising channel on the daily and the weekly charts. However, from the last six weeks, the stock has been consolidating in the range of Rs88-96 amid which it has formed rectangle formation.

Shivam Autotech Limited: BUY| Target Rs112| Stop Loss Rs91| Return 13%

The stock has given a breakout above Rs75 levels in the recent past and has also tested Rs105 levels in a short span of time.

However, since then due to profit booking, the stock has retraced back towards its 50-days exponential moving average (DEMA) and took support around Rs85 levels.

Shree Pushkar Chemicals & Fertilisers Limited: BUY| Target Rs350| Stop Loss Rs265| Return 19%

The stock has been consolidating in the range of Rs250-280 from almost last two months and formed an ascending triangle formation on the weekly charts.

Additionally, it has formed an inverted head and shoulder formation on the daily charts. This week, prices have given a breakout above both the formation with marginally higher volumes.

Dish TV India Limited: BUY| Target Rs95| Stop Loss Rs78| Return 13%

On the daily charts, the stock has been consolidating in the range of Rs78-84 and holding well above its 50 and 100-days exponential moving average.

In Tuesday’s session, the stock witnessed a fresh breakout above the 200-days exponential moving average (DEMA) along with hefty volumes.

Chambal Fertilizers & Chemicals Limited: BUY| Target Rs176| Stop Loss Rs143| Return 13%

The stock has been consolidating in a narrow range of Rs135-150 from the last three months and this week, the stock gave a breakout above the key resistance level of Rs150 with relatively larger volumes.

Additionally, the positive divergence on RSI and stochastic indicators on the daily charts also support the next up move in prices in the coming sessions.

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