Three Hot Stocks for Feb 11: Akash Shah Recommends Graphite, BSOFT, and VIPIND for Big Gains!
As the Indian stock market continues its bullish momentum, technical analysts are spotting lucrative opportunities for short-term traders. For the upcoming session on February 11, Akash Shah, Research Analyst at Choice Broking, has issued a “Buy” recommendation on three high-potential stocks: Graphite, BSOFT, and VIPIND. Shah believes these stocks are exhibiting a strong technical setup and are likely to hit their designated targets within the next week.
1. Graphite India (GRAPHITE): According to Shah, Graphite is forming a robust bullish continuation pattern. The stock has successfully broken out of its recent consolidation phase and is trading comfortably above all major Exponential Moving Averages (EMAs). This indicates a strong upward trend.
- Buy Level: ₹668
- Target: ₹720
- Stop Loss: ₹640
2. BSOFT: After a prolonged period of correction, BSOFT is showing signs of a trend reversal. The stock has moved above key EMAs, signifying an improvement in its market structure. An increase in trading volume suggests that accumulation is happening at current levels.
- Buy Level: ₹465
- Target: ₹500
- Stop Loss: ₹445
3. VIP Industries (VIPIND): Analysts observe that VIPIND has formed a solid base after its recent decline and is now exhibiting signs of recovery. As long as the stock maintains its position above the critical support of ₹385, it is expected to gradually trend higher towards the ₹430 mark.
- Buy Level: ₹401
- Target: ₹430
- Stop Loss: ₹385
Investors are advised to strictly adhere to the stop-loss levels to manage risk effectively. These picks reflect a positive price structure and strong momentum, making the