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Hot Stocks: Pick Shoppers Stop, Global Health, Oberoi Realty for healthy returns in short term

Money ControlMoney Control · 1y ago
Hot Stocks: Pick Shoppers Stop, Global Health, Oberoi Realty for healthy returns in short term
Medial

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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