Stocks to buy on Monday for short term: Dhampur Sugar, Voltamp, Raymond

Stocks To Buy On Monday For Short Term: Brokerage firm HDFC Securities has recommended three stocks to buy for short term. The three stocks to buy recommendations are Dhampur Sugar Mills, Voltamp Transformers, and Raymond.

Stocks To Buy On Monday For Short Term

Let's take a look at the share target price and investment rationale for shares by HDFC Securities below:

Dhampur Sugar Mills Share Price Target | Stocks To Buy On Monday For Short Term

HDFC Securities has recommended buying Dhampur Sugar Mills shares for the short term next week. The brokerage has advised buying Dhampur Sugar Mills shares in the range of Rs 141 to Rs 139 and adding more on dips up to Rs 135.

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HDFC Securities has set the Dhampur Sugar Mills share price target at Rs 149. Maintain stop loss at Rs 132.5.

HDFC Securities has given six reasons for buying Dhampur Sugar Mills shares:

After showing minor declines/sideways consolidation, the stock price- DHAMPURSUG has shifted into an upside bounce.
Today's upmove could be considered as breakout of narrow range movement. Price rise was accompanied by jump in volumes on intraday charts.
The short-term trend seems to have turned positive.
We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.
The intraday/daily momentum oscillator is showing positive indication.
The overall bullish chart pattern of the stock price indicates long trading opportunity. One may look to buy as per the levels mentioned above.

Voltamp Share Price Target | Stocks To Buy On Monday For Short Term

HDFC Securities has recommended buying Voltamp shares for short term. The brokerage has set a target price of Rs 9,902 on Voltamp shares. One can consider buying Voltamp shares in the range of Rs 9,252 to Rs 9,350 and consider adding more on dips up to 8,980. Stop loss at Rs 8,800.

HDFC Securities has given 4 reasons to buy Voltamp shares:

Previous swing high breakout on daily chart
Price rise was accompanied by jump in volumes on intraday charts
Bullish RSI Setup on hourly chart
Higher top and higher bottom on hourly charts

Raymond Share Price Target | Stocks To Buy On Monday For Short Term

HDFC Securities has recommended buying Raymond Ltd shares for the short term. The brokerage has recommended buying Raymond shares in the range of Rs 383-387 and add on a dip up to Rs 371.