Stocks To Buy in 2023 for multibagger returns. Stock make new high or down on basis of fundamental and technicals. If fundamental of stocks is good then technical is also good and follow fundamentals.
But if fundamental of any company is bad then technical not follow it. For example if reliance is good stock on the basis of fundamentals and stock is in consolidation phase, then stock will follow technical.
Now Infobeans Tech is in loss from last few quarters but technically it is good to buy that’s why technical analysis is important.
Large cap stocks are those stocks they have high value in market. In finance, the term “large cap” refers to a company with a large market capitalization.
Market capitalization, or market cap, is calculated by multiplying the current stock price by the total number of outstanding shares. Large cap companies typically have a market cap of over 50,000 thousand crores.
These companies are often well-established and have a proven track record of success, which can make them more stable and less risky investments compared to small or mid-cap companies. Some examples of large cap companies include Reliance Industries, Google, Apple, TCS, HDFC Bank, etc.
Top 5 Stocks To Buy Now
1) Kotak Mahindra Bank
Kotak Mahindra Bank is india’s 3rd largest banking and financial service provider across globe. Kotak Mahindra Bank was founded by Uday Kotak.
KMB was traders at 1,700 level which was support from last 3 years. Share try to break support of 1,700 level but failed. Now stock try to make reversal from this levels. From this levels stocks can gain upto 50 percent returns.
2) Berger Paints
Berger Paints is 2nd largest paint company in india after Asian Paints. Berger paint have strong fundamental but due to crude oil prices and russia vs ukraine war paint sector was in red.
Berger Paints stock fall from its high of 880 to 520 level mean 38 percent correction. Now stock try to give breakout from the levels of 600 rupees. If stock sustain 600 levels then stock become rocket to 1,000 rupees levels.
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Avenue Supermart was created by Radhakishan Damani, he was a investor at the time of harshad mehta.
DMart is known for its focus on providing customers with quality products at competitive prices. DMart stores offer a wide range of products, including groceries, household items, clothing, and electronics.
The company has a strong supply chain and distribution network, which allows it to keep prices low and maintain high levels of customer satisfaction.
Avenue Supermart was traded at rupees of 3,250 means it was stand at its support level. Stock make new high in 2021 of rupees 6,000. From 6,000 to 3250 stock fall more than 45 percent. but stock was at its last 2 years support zone.
If company’s share was able to sustain 3250 level then stock goes to 6,000 levels in 2-3 years.
4) Abbott India
It focuses on the development, manufacture, and marketing of a wide range of healthcare products, including pharmaceuticals, medical devices, diagnostic products, and nutritional supplements.
The company has a strong presence in the Indian market and has been recognized for its innovative products and commitment to quality.
Company’s was traded at resistance of 22,500 from this levels stock fall 2 times, but now stock try to break this level very soon it is good buy for fundamental investors.
It is india’s 2nd biggest company in terms of market cap but IT sector was in recession that’s why stock correct to 1350 levels from its lifetime high of 2,000. Stock now consolidate but never break its resistance.
6) Adani Port
Adani port was in news from last 2-3 months because of hindenburg alligations. Stock make new life time low of 400 and with in one moths stock touch its resistance of 660. Stock now try to consolidate from 630 to 660 if market recover then stock will make new high of 1,200.