5 best stocks for trading in June month! -

In the stock market there are more than 5000 stocks listed. But when it comes to investing or trading then it is not possible for us to trade all or even study all. In that situation the question arises about what we can do and how to find the winning stocks. So, to make it easy for you we have bring a list of top 5 best stocks which you can focus on in the month of June and these can give good returns for positional trading.

Before we see the name it is very important to know why you trust these stocks. So, to build your trust and keep your capital safe these stocks are quality stocks. If you will see then these stocks are fundamentally sound. These are the stocks which have shown huge growth on YoY and QoQ. Also for your study purpose we will share the charts and levels of price action so you can study better.

So, without wasting more time let’s start studying the stocks.

Aditya Birla Capital (ABCAPITAL) :-

The company has a strong presence across a wide range of Protecting, Investing and Financing Solutions, which include Life Insurance, Health Insurance, Motor Insurance, Corporate General Insurance, Mutual Funds, Wealth Management, Stocks and Securities Broking, Portfolio Management Services, Real Estate Investments, Pension Funds, Home Finance, Personal Finance, SME Finance, Real Estate Finance, Loan Against Securities, Corporate Finance, Debt Capital Markets, Loan Syndication and Asset Reconstruction.

If you will see the above stock then you will find that this stock has already doubled from its last year July low. This stock has already proven its strength. It is a stock which is in good momentum. If we look at the chart pattern then still strength is remaining in this stock. The stock is trading at its all time high. Also the finance sector is in focus so due to that reason also it can be a good stock to focus on.

If we talk about levels for your education then after breakout from the levels of 160 it has formed a cup. And now it’s showing a little bit of distribution. So, if it makes the handle now then it can have a good breakout of Cup with Handle pattern above 175. If it makes the handle with low around 165 then it will be the perfect pattern.

160 is the good support for the stock and it should stay above that for strength. If it breaks that then it will become weak. But remember that volumes should be high for this stock when it will give a breakout for a big rally. This is the first focus stock from the 5 best stocks.

DCX SYSTEMS LTD (DCXINDIA) :-

DCX Systems belongs to the Industry of Electronics – Equipment/Components. It is a small cap company listed in November last year.

This stock kept falling after its listing. But now after that fall it has made a supposive bottom and changed its trend. This stock has already reclaimed 50-DEMA and given breakout. But still this stock has potential to give good returns. We personally used it on breakout near 195 and booked half quantities at 15% profit. But still holding half because it has more to come.

If we talk about levels then you will see that it has given a breakout so buying on air is not good. But if it comes to retest its breakout near 205 then it can be a good opportunity. 190 is the major support for the stock. So, if it retest or our 3rd day strategy applies in it then it can be good stock. But if you trade it in strict stop loss is very important as per your strategy.

Hindustan Aeronautics Ltd (HAL) :-

HAL is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The Company has been set up to meet the requirements of Indian Defense Forces (namely Indian Airforce, Indian Navy, Indian Army and Coast Guard) in the area of Aerospace.

If you are a regular trader and following the market then you know that from last one year Defense stocks are showing good strength. One of those 5 best stocks is HAL. It is giving a good rally and also it is a strength stock. This is the large cap company which gives balance to your portfolio by minimizing the risk.

Now when it comes to levels then you will find that this stock has already given breakout and it is kept moving. But for good risk reward we can’t catch in air. So, it will be the good stock if it comes to retest its level 3150. For low risk traders 3020 or 50-DEMA is the good level to trade. This stock is simply moving upward without giving big risk to its investors.

Remember one thing in mind that when a stock retests after breakout its volumes should be lower. And as usual respect your stop loss and take it as an insurance. It is one of the 5 best stocks you can study

The Indian Hotels Company Ltd (INDHOTEL) :-

The company is South Asia’s largest hospitality focused enterprise with true Indian origins. The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the hallmark of iconic hospitality, SeleQtions, a named collection of hotels, Vivanta, sophisticated upscale hotels and Ginger which is revolutionizing the lean luxe segment.

The hotel sector is one of the sectors which has been in strength for the last one year. In this sector one good stock which is showing strength is Indian Hotels. It is trading at all time high and has doubled in the last one year and given 4X returns to its investors. This stock has shown good strength fundamentally too.

This stock is in strong momentum and already given breakout. So, when it comes to buying levels then for aggressive investors these can be around 385 on retesting. But if you are a low risk investor then you should wait for it to retest up to 375. 50-DEMA is always a good level to buy for this kind of stock. If you want a swing trade then for momentum it will be good once it crosses 400 with volume. Stock loss should be according to your strategy.

Indiamart Intermesh Ltd. (INDIAMART) :-

The company is India’s largest online B2B marketplace for business products and services. Its online marketplace provides a platform for mostly business buyers, to discover products and services and contact the suppliers of such business products and services. It provides a robust two-way discovery marketplace connecting buyers and suppliers.

If we avoid the last one year then in the Covid rally this stock has given big returns to its investors. Now after a distribution phase it has again shown some signs of strength. This stock has some different chart patterns than above shared. It is the stock which has just started its rally. A different strategy is applied in this stock.

Now if we talk about levels then in Feb this stock has reclaimed its 200-DEMA from where we are using it. This stock is for positional investing say 4–6 months for big returns of 30%-50%. It is right now at good levels to add around 5600, but best for trading perspective is at 5430. It has a fresh breakout above 6050. It is right now consolidating which is always good for any stock.

Conclusion :-

So, these are the top 5 best stocks which can be used by you to learn more about positional trading in the month of June. There are a lot of more stocks which are showing strength. But we can’t share all in the blog post. But if you want to study those stocks and want the names of those stocks then you can mail us and ask for a list of strong stocks. Our team will give you the list.

Learn More :-

The information and names given above are just to enhance your learning. This is the guide on 5 best stocks. These are not any kind of buy tips. Consult your financial advisor before investing. To keep learning and developing your knowledge of financial analysis, we highly recommend to read the additional resources below: