Top Energy ETFs in India - Best Funds to Invest
Top New Year Stock Picks for 2025: Best Investment Opportunities
Sachin Gupta
Last Updated: 24th December 2024 - 06:09 pm
Start 2025 with our handpicked stock recommendations! These include well-known stock names like United Breweries, Man Infra, Triveni Engineering, and Mahanagar Gas. Backed by strong trends and growth potential, these stocks are great for an 8-10 month investment. Perfect for anyone looking to make smart and simple investment decisions!
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United Breweries
- Buy Range - 2000-2040
- Stop Loss - 1760
- Target - 2500
- Upside Potential – 22%
Rationale
- The stock has been trading in a Higher Top and Higher Bottom formation.
- Recently, the stock rebounded from the support zone.
- The Super trend indicator suggests strong upside potential, and the RSI points to positive momentum.
Man Infra Construction
- Buy Range - 225-230
- Stop Loss - 198
- Target - 285
- Upside Potential - 24%
Rationale
- The stock is trading above all significant moving averages.
- The price has been consolidating above the key support level of 220.
- The RSI oscillator indicates positive momentum on the weekly chart.
Triveni Engineering and Industrie
- Buy Range - 470-475
- Stop Loss - 418
- Target - 570
- Upside Potential - 20%
Rationale
- On the weekly chart, the stock has been trading in a Higher High and Higher Low formation.
- The stock confirmed a Bullish Pennant Pattern breakout on the daily timeframe.
- Prices have moved above the Ichimoku Cloud formation and the 50-day Simple Moving Average.
Mahanagar Gas
- Buy Range – 1200-1230
- Stop Loss – 1060
- Target - 1530
- Upside Potential - 24%
Rationale
- The stock has moved above its 200-week EMA support zone.
- The price has rebounded from the 61.8% Retracement Level.
- The RSI has shown a positive crossover near the oversold zone.
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