7 Best Reliable Options To Invest In Stocks 2021
The financial stock market world has now changed. There are many fresh minds that are coming into the Dalal street and changing the history of Indian stock markets. Now it seems to be a wise decision to invest in stocks.
What Exactly Are Stocks?
A stock can be referred to as a security that represents the ownership of a part of any entity. This gives the owner of the stock a portion of the organization’s assets and profits that equals to the number of stocks they own. These units of stocks are termed as shares.
How To Invest In Stocks And Make Money?
Here are 7 ways on how to invest in the stock market in India that will allow you to make money. This will also give you an idea of how to invest in stocks for beginners with little money. So let us have a quick look.
- Analyze the type of trader you are.
- Try and avoid the mob mentality.
- Never try to time the share market, the Sensex, and the Nifty.
- Try to maintain a disciplined approach for investment.
- Never judge based on your emotions
- Always maintain realistic goals.
- Try investing in surplus funds.
How To Invest In Stocks Online?
Now investing in stocks apps has become really easy. Here are the steps in which you can invest in stocks online.
- The first thing that you will be needing is a pan card. So ensure you have a pan card or make one.
- Next, all you have to do is open a Demat account.
- After your Demat account is ready, open a trading account that will allow you to purchase and sell shares.
- Next, get yourself registered with a brokerage or a broker as you cannot buy directly from the share market. You will be needing a financial broker to form a platform.
- Along with all these, you will also be needing a bank account that will keep all the details of your transactions.
- And then lastly you will have to get your Unique Identification Number (UIN).
Companies You Should Choose To Invest In Stocks
With the decline in the provided caseload, a fresh energy is prevailing on the National Stock exchange (NSE) and the Bombay Stock Exchange (BSE) which leads to buying especially in the cyclical sector. Many analysts have assumed the fact that even though there can be a slip in the growth and earnings in the first quarter of the 2022 financial year, the quarters following that will be better. Here are the 7 stocks that are highly recommended companies ideal to invest in stocks and let us compare stocks on the basis of their uptrend.
Along with that this data will also give vivid ideas on investing for beginners.
KEI Industries | BUY | Target Price: Rs 720
The KEI Industries stocks have been continuing to be traded in an ascending channel and have recently shifted from the lower section of the ascending channel. Along with that, it has also taken the aid of 55 EMA. This indicates its positive outlook towards the pricing. According to the analysts, the energy in this stock is likely to prevail for a long time. The stock market analysts highly recommend to buy KEI Industries stocks price along with a target value of Rs 720. It is also recommended by them to keep a stop loss at Rs 490 from a perspective that is a mid term.
Reliance Industries | BUY | Target Price: Rs 2,200
Reliance stocks (RIL) have recently shifted from a very critical level. It is believed by the analysts that the shift is because of a reverse in the energy of the stocks. The RIL stock has crossed over its 200 DMA. This indicates that there may prevail positive momentum for a long time. It is recommended by the stock market analysts to buy RIL stocks with a Reliance stocks price of Rs 2200 in the mid term. The stop loss is kept at Rs 1900 by them.
HDFC Bank | BUY | Target Price: Rs 1,480
The HDFC Bank stocks have shifted from their support at 200 EMA. According to the analysts, the momentum indicators like RSI and MACD hint that the energy in this stock is likely to continue. He recommends the HDFC Bank stock price to be Rs 1480. And also it is being advised to the traders to maintain a stop loss at Rs 1340.
PNC Infratech | BUY | Target Price: Rs 260
As per the negative sequence of lower lows and lower highs, PNC stocks were moving downwards over the last several months. The recent upwards bounce has started a good momentum for the stock and it has started to make attempts to break above all the negative sequences as mentioned above. Hence it is expected by the analysts to give a sustainable upwards move of the PNC stock prices above Rs 245. More upsides are being shown in the new volume pattern and weekly 14 periods RSI. According to the analysts, the traders should buy PNC Infratech at CMP (Rs 237) and set the stop loss to Rs 220.
Avenue Supermarts | BUY | Target Price: Rs 3,375
The Avenue stocks were traveling in a wider range over the last 2-3 months and the stock’s downside breakout attempt was unsuccessful in the latter part of April. A sharp buying from the low values has increased the Avenue stock prices higher. That has seen an upward breakout of the range of Rs 2980 and was also trading much higher. There was an expansion in the volumes as well during the upward shift.
During this time there was also a weekly 14 period RSI that is trying to move above the level of 60 which seems to be a positive sign. According to the stock market analysts, traders can invest in stocks starting with Rs 3375 in the coming 3 to 4 weeks and place the stop loss at Rs 2860.
Hindustan Zinc | BUY | Target Price: Rs 450
The future of Hindustan Zinc is closely intermingled with what has happened in silver as both instruments are strongly correlated. Price activities on the weekly chart portray that the all time high of the Hindustan Zinc stock price was Rs 330-335. Before the breakout, a significant consolidation was witnessed between Rs 335-262 in the last 5 months. A break of an important base can lead to a big upward and recommend absorption of selling pressure in the existing stocks. According to the analysts, traders should invest in the stock at Rs 450 and should hold it for at least 6-8 weeks. The stop loss should be kept at Rs 300.
ACE Construction | BUY | Target Price: Rs 185
ACE Construction is a manufacturing company that manufactures engineering equipment. The price actions for ACE Construction stocks in the chart shows an upward shift. On March 21, after hitting a high of Rs 175 prices have shown to decline to Rs 140-135. According to the analysts, the ACE Construction stock price should move towards the March high of Rs 175 and then above that to Rs 185 over the coming 6-8 months. Stop losses are advised to be kept at Rs 140.
Thus to invest in stocks the traders have to follow a few guidelines that have been provided by SEBI. The above mentioned companies can be a good choice if you want to invest in shares. But always remember investments are subject to market risks.