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 focus 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.
Cochin Shipyard Ltd :-
The company caters to clients engaged in the defence sector in India and clients engaged in the commercial sector worldwide. In addition to shipbuilding and ship repair, it also offers marine engineering training. Moreover, the company is in the process of constructing a new dock, a ‘stepped’ dry dock (Dry Dock). This stepped dock will enable longer vessels to fill the length of the dock and wider, shorter vessels and rigs to be built or repaired at the wider part. It is also in the process of setting up an International Ship Repair Facility (ISRF), which includes setting up a shiplift and transfer system.
If you are a trader or investor and regularly work in the stock market then you might know that the defense sector is in focus for more than a year. Also the shipping sector in that defense field has been performing well for the last one year. One of those sector stocks is Cochin Shipyard. This stock has already given a good rally after breakout. But the reason to keep this stock in the focus stocks list is its strength. Something still remains in the stock which can lead it to higher levels.
This stock first gave a breakout of pattern Cup with Handle and closed above 675. After that move stock gave a rally of more than 25% in just two days. Then after that move stock started consolidating and in that way it completed its Flag and Pole pattern. Now on 31 August it gave a breakout of the pattern when it crossed 880 with volume. This stock has already doubled from its bottom of 420 in March end. But as a fresh breakout came in the stock so in the month of September it can give good returns.
The good thing about the stock is its fundamentals. It is showing good growth YoY and QoQ recently. Even if it breakout fails or after a move somehow it is found on 20 or 50 Day Moving Average with low volumes then it might be the good opportunity for the stock to focus on. In that situation our Moving Average Strategy can apply in the stock. But before that right now stock is in the mood of giving upward rally rather than touching Moving Averages.
The Federal Bank Ltd :-
The Bank offers its customers, a variety of services such as Internet banking, Mobile banking, on-line bill payment, online fee collection, depository services, Cash Management Services, merchant banking services, insurance, mutual fund products and many more as part of its strategy to position itself as a financial super market and to enhance customer convenience.
Federal Bank is the PSU bank. PSU companies are showing good moves and in focus stocks list from a long period of time. Last year from July to November this stock gave a good move and returns of 75%. Then after that move it went into long consolidation of almost one year. The range of that consolidation was between 140 to 120. During that consolidation it also touched its 200 DEMA (Day Exponential Moving Average) and exactly bounced from there. The stock has formed a pattern of Flat Base very well.
Now after the consolidation of long time the stock finally gave a breakout with volume. It has closed above the range and is now retesting it (when we are writing it). After the completion of retesting if the continuation part will start then this stock can give a good move in the month of September. 140 is the very crucial level to focus on. The results it posted are very attractive and that might be the reason for its rally in future. So if market support it can turn out to be your next luck. So, focus on this.
IRCTC (Indian Railway Catering And Tourism Corporation Ltd) :-
The company operates one of the most transacted websites in the Asia-Pacific region. It has also diversified into other businesses, including non-railway catering and services such as e-catering, executive lounges and budget hotels, which are in line with its objective to build a ‘one stop solution’ for its customers.
IRCTC is a railway sector PSU stock. All railway stocks except IRCTC are giving multibagger returns in the rally of the stock market. The reason for putting this stock in the focus stocks list is its pattern and sector. As all railway stocks performed well but this stock is late in giving rally. So, due to the sector theme this stock can become rocket again like in 2021. It is one of the most under performed stocks in the last two years. It is just consolidating.
But finally after a gap of almost 2 years this stock finally started showing some strength. Recently in August it reclaimed its 200-DEMA with volume and sustained. After reclaiming 200-DEMA it formed a Flat Base pattern. It gave a breakout above 668 with volume and also retested. Now once the consolidation starts it can give the good move. Immediate resistance for the stock is 710. Above that major resistance will come at 765.
But resistance doesn’t mean that you will book profits in the winner’s stock. A good trader always adds more quantities on every breakout. 668 is the retesting level and 645 is the support for the stock. Major support is at 618. But if the strength of the stock remains (which is very much possible) then it will not touch 618. The reclaiming pattern of 200-DEMA proved good in the past in a bull run. So in September month this stock can give the returns.
NCC Ltd :-
The company undertakes civil construction in segments such as buildings, water, roads, irrigation, power, electrical, railways, metals, mining.
NCC is a construction sector small cap company. This stock has given 150% returns in the past one year after reclaiming its 200-DEMA from the bottom in August 2022. We personally put this type of stock in the momentum stock category. And that momentum is the reason that this stock has put in the list of focus stocks. Its financial growth on QoQ and YoY basis is exceptional recently and that might be the reason it is giving a very good rally.
If we talk about the levels of the stock then after a move it recently in August 2023 retested 20-DEMA with low volumes and completed its consolidation part. Now after that consolidating it gave a breakout with big moves and heavy volumes. The breakout level of the stock is 160.50. It crossed that and sustained the whole day. Now this stock can rise to new highs in the month of September. Those who missed the breakout can catch it when it comes to retest the breakout.
Once it comes to retest near 160 and if volumes will be low then aggressive investors can focus. But moderate traders should wait for the continuation pattern after retesting the breakout. If not retest the exact levels then defensive investors should avoid this stock and aggressive once can take it on small retracement of 2–3 days. This stock should definitely be in your focus stocks list. Even if you are not trading then for study purpose you should keep it on your watch list.
TVS Motor Company Ltd :-
TVS Motor manufactures the largest range of 2-wheelers. It is engaged in the manufacturing of motorcycles, scooters, mopeds, three wheelers, parts and accessories. The products of the company are (**Scooters : **TVS Ntorq ,TVS Jupiter, TVS Zest 110, TVS Scooty Pep+) (**Motorcycles : **TVS Apache RR 310, TVS Apache RTR Series, TVS Radeon, TVS StaR City +, TVS Sport) (**Mopeds : **TVS XL100).
TVS is the Mid-cap two wheeler company. This stock has been in strength from more than a year. As a big company it can be a good option for even low risk traders. In this company returns might be less as compared to small cap companies but in the same way risk will also reduce. It has also given more than 100% returns in the past one year. In May 2022 it started its rally and continues till now. Something is still remaining in this company due to which we have shared it with you.
In between this rally it already has given a consolidation phase but that is the obvious thing for the market. After an expansion, contraction is obvious and after contraction, expansion is also obvious. Now after a consolidation of almost 3 months on 30 August 2023 it gave a fresh breakout with more volumes than the normal days. It formed a Cup with Handle pattern and also tested its 50-DEMA support in that phase. But then it gave a breakout above 1387.
Now you can keep focus on this stock immediately after breakout or on the verge of retesting of the breakout. As this stock has already retested its 20 and 50 DEMA then there are high chances that this stock will continue its rally on the upper side. All the stock needs is market support. If the market continues the rally then this stock can reach up to the new highs.
Conclusion :-
So, these are the top 5 best focus stocks which can be used by you to learn more about positional trading in the month of September. 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.
In every stock maintain Stop Loss and Target according to your strategy. The list shared above for the strength stocks which we found best for you. But it doesn’t mean that these are the only 5 best stocks in the stock market. You can find more by your own. And it is also not compulsory that these will perform and give you big returns.
We shared these stocks because probability of these stocks is high. You can check in past when we shared then 60-80% of our stocks performed well. But still you should trade with your own analysis and a strict Stop Loss.
Other than these stocks, the stocks which we share in July, June and May are also very important and we should focus on them also because those stocks are still showing strength. But all are not showing strength. But from 15 stocks more than 10 are still in focus. So, if you study those then you will have more than 15 focus stocks. For your reference we will provide the link below.
- 5 best stocks for trading in June month
- 5 best stocks for trading in July month
- 5 best stocks for trading in August month
Learn More :
Thank you for reading Buffett Money’s guide on the 5 best focus stocks for September month. To keep learning and developing your knowledge of financial analysis, we highly recommend the additional resources below:
- Penny Stock
- High Growth Stocks
- Dividend Yield Stocks
- False Breakout Stocks
- Fundamentally strong stocks
- Importance of Paper Trading
- Importance of Trading Journal
- AI impact on Algo Trading
- Averaging Down Strategy
- Moving Average Strategy
- Bulk Deal Strategy
- Methods of Stock Market Prediction
Thank You
Happy Investing
chhtoaKashyap
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