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Money Control
| 1mHot Stocks: Pick Shoppers Stop, Global Health, Oberoi Realty for healthy returns in short term
Technical analyst Om Mehra suggests buying three stocks for the short term. Shoppers Stop's stock has shown a recovery after a correction and is trading above the 20 SMA, indicating positive momentum. The stock has a target price of Rs 850 and a stop-loss at Rs 735. Global Health (Medanta) has found support at the 100 DMA and a breakout above Rs 1,218 could attract buying interest. The stock has a target price of Rs 1,310 and a stop-loss at Rs 1,130. Oberoi Realty's price is consolidating and has a strong base around Rs 1,320. A breakout above the falling trend line could resume bullishness in the stock. The target price is Rs 1,450 and the stop-loss is at Rs 1,310.
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