Top Stocks To Trade This Week — 25 April 2022 | by Sriram Balasubramanian | Apr, 2022 – DataDrivenInvestor

These are some of the top stocks that I am Looking to trade — based on technical indicators!

Photo by Jason Briscoe on Unsplash

About 80% of retail investors lose money when trading stocks. This massive challenge is yet to be solved in the purview of retail investors despite numerous FinTech advancements. There exists an enormous gap between financial literacy and portfolio returns.

We launched WIBE to enable investors to achieve consistent & profitable trades. WIBE is powered by its cutting-edge algorithm, which is purely based on mathematics & statistics. Here are some stocks to watch to swing trade this week (25th April 2022 to 29th April 2022).

Disclaimer: This is not a buy/sell recommendation and is shared for information & knowledge only. The author is not a professional (or) qualified investor, and the articles are not investment advice or a recommendation or advice of any sort. All the analysis/data are from the public domain, like, but not limited to, Yahoo Finance, Google Finance, and Investing.com. Consult your financial planner for any investing decisions. This article is not a paid promotion, and the expression in this article is solely the author’s research & analysis. While anyone can give a stock “BUY” recommendation, investors must have a strategy and know when to “SELL” a position. Do your due diligence before trade execution, and everything is at your own risk.

Source: Author’s creation

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WIBE — Bullish Stocks:

WIBE algorithm is updated daily, covering the NIFTY 500 stock universe, and the stocks that exhibit bullish technical momentum are picked for further technical analysis. I exclude stocks that I am personally not comfortable trading in the table below. Thus, I have chosen:

  1. KPR Mill
  2. Adani Ports
  3. Sumitomo Chemicals
  4. Motilal Oswal Financial Services
  5. Vardhman Textiles
Source: WIBE
  1. KPR Mill Ltd (NSE:KPRMILL):

The stock has been consolidating in the past three months. MACD, Stochastics, and RSI all indicate bullish momentum. The stock is trading above 20, 50, and 200EMA. Be mindful of the upcoming earnings results date on 27th April 2022.

Source: Investing.com / Author’s analysis

2. Adani Ports:

Break-out is expected as we can see some volume accumulation on a daily chart. MACD, Stochastics, and RSI all indicate bullish momentum. The stock is trading above 20, 50, and 200EMA. Be mindful of the upcoming earnings results date on 3rd May 2022.

Source: Investing.com / Author’s analysis

3. Sumitomo Chemicals:

There is a near cup & handle formation on the daily chart, with volumes yet to show buying interest from the market participants. Break-out is expected on a daily chart. MACD, Stochastics, and RSI all indicate bullish momentum. The stock is trading above 20, 50, and 200EMA.

Source: Investing.com / Author’s analysis

4. MOTILALOFS — Motilal Oswal Financial Services:

The stock has been consolidating in the past three months. MACD, Stochastics, and RSI all indicate bullish momentum. The stock is trading above 20, 50, and 200EMA. Be mindful of the upcoming earnings results date on 28th April 2022.

Source: Investing.com / Author’s analysis

5. Vardhman Textiles:

After the stock split, the stock consolidated for a few days at just over 200 EMA. MACD and the Stochastics indicate bullish momentum. RSI is yet to cross over 50, which shall confirm bullish momentum. Be mindful of the upcoming earnings results date on 12th May 2022.

Source: Investing.com / Author’s analysis

I hope this was useful to get ready for trading next week. Do your due diligence before executing a trade. This is not a buy/sell recommendation and is shared for information & knowledge only. The author is not a professional (or) qualified investor, and the articles are not investment advice or a recommendation or advice of any sort.

If you want to get my best articles in your inbox, you may subscribe to receive my newsletter first! If not a Medium member, here you can become one!

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