Daily Trading Desk: Two trades for short term gain, a gas player with 7% upmove and a metal stock for 5% rise

  • Posted on September 18, 2024
  • By Business News Today
  • 1 Views
Daily Trading Desk: Two trades for short term gain, a gas player with 7% upmove and a metal stock for 5% rise

The markets experienced a lackluster session on Tuesday, with the Nifty 50 index closing with a modest gain of 34.80 points. Two mid-cap stocks are showing potential for upward movement. Lloyds Metals and Energy Ltd. (LLOYDSME) has broken out from a bullish consolidation pattern, indicating a possible rise to Rs. 865. Mahanagar Gas Ltd. (MGL) is also attempting to break out from consolidation, supported by increased volumes and technical indicators, suggesting a potential price increase of around 7%. Both stocks present attractive entry points for investors.
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