Top Stock Picks Today: Kingfa Science and Quality Power Among Strong Buys
Kingfa Science, Quality Power among top stocks to buy today; check targets
Business Standard
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Kunal Kamble, a senior technical research analyst at Bonanza, recommends buying shares of Kingfa Science & Technology, KRN Heat Exchanger and Refrigeration, and Quality Power Electrical Equipments based on bullish trends and strong momentum. Target prices and stop-loss levels are provided for each stock.
- 01Kingfa Science & Technology shows a bullish breakout above key resistance levels.
- 02KRN Heat Exchanger signals a shift to a bullish trend with strong volume support.
- 03Quality Power Electrical Equipments demonstrates continued upward momentum.
- 04Each stock has specific buy ranges, target prices, and stop-loss levels.
- 05Strong buying interest is reflected in the formation of higher highs and increased volumes.
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Kunal Kamble, a senior technical research analyst at Bonanza, recommends three stocks for potential buying today based on their bullish trends. Kingfa Science & Technology (India) Ltd has broken above key resistance levels, trading at ₹4,705 with a target of ₹5,450 and a stop-loss at ₹4,300. The stock shows strong momentum as indicated by its rising volumes and the formation of higher highs and lows. KRN Heat Exchanger and Refrigeration Ltd has also broken out from a descending trendline, currently priced at ₹1,123, with a target of ₹1,350 and a stop-loss of ₹990. This stock reflects a clear bullish trend supported by significant volume. Lastly, Quality Power Electrical Equipments Ltd is trading at ₹1,108, with a target of ₹1,334 and a stop-loss at ₹993, indicating strong buying interest and an upward trend. All three stocks exhibit strong momentum and positive price structures.
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Investors considering these stocks may benefit from potential price increases, impacting their investment portfolios positively.
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