These 4 Stock Picks From Gautam Shah Can Make You Malamaal
Listening to Gautam Shah, the smartest technical analyst in India is a pure delight. With a smile, wisdom flows like the river Ganga. If you are attentive enough, you can easily get nuggets of gold and sometimes he is kind enough offers free advice for mere mortals like us.
Just a few months back, he had advised about lapping up Tata Steel’s share and since then it has more than doubled.
But that’s the past, what’s next? Where to bet now.
Gautam Shah did not disappoint. He advised not one, two….but three stocks.
Triple delight! Is not it?
So, in this post, you will not only discuss those recommendations but will also try to understand the reasoning behind them.
In another way, we’ll try to decode his mind as that’s the only way to learn. The purpose of this blog is not spoon-feeding you with recommendations offered in the market, but will also to offer the reasoning behind them.
That’s the only way to grow and learn.
Now, let’s come to the main part, that’s the meaty stuff I mean. Here are the following recommendations:
Indigo (Interglobe Aviation)
It has been a market leader in the aviation space and the sector as a whole suffered like anything. However, despite all problems, it has held its turf. The prices have been almost steady and it’s one of the best unlock stories in 2021. Gautam Shah is of the view that it can easily reach 2200-2300 within 6-7 months. It has the potential to give 30-40 % upside from these levels.
CMP: 144 INR
Gautam Shah feels it can easily double from these levels. This has also been recommended to Goldilocks Premium Subscribers. He believes that these unlocked stocks will run heavily as they have seen the worst. Now, the only way to go from here is to move upside. That’s why we are telling you to keep a close watch on this counter.
It has a clean chart, good management, and is expected to do well. One should also keep a close watch on this counter. It’s a good unlock story that can play out beautifully.
Larsen & Toubro
Gautam Shah from Goldilocks seems to be extremely bullish on the capital goods sector and L&T is the biggest play. It was in a range for 10 years and has recently given a breakout. Though, you may feel it has run up a lot, when you see the monthly chart, it has just crossed its 2007 high. So, there is much more upside potential for the stock.
We’ll keep tracking the performance of these stocks and keep you regularly posted about this.