When a stock closes above its 20 EMA (Exponential Moving Average) on weekly time frame, it often signals potential bullish momentum in the near future. In financial markets where uncertainties are inherent, investors tend to rely on growth-focused indicators to identify promising opportunities. And the 20 EMA is one such powerful tool. It helps spot potential trend reversals and confirms upward price strength for the upcoming days on short term to medium term basis.
As per our analysis, both these shortlisted stocks show signs of potential short-term upward movement. Notably, the Relative Strength Index (RSI) for each stock is either above 50 or approaching 50/60, reflecting rising momentum and buyer strength.
This alignment of price action with momentum indicators increases the probability of a near-term bullish move. We also noticed a notable volume spurt in these stocks.
Our first pick is Vertoz Ltd., incorporated in 2012.The company has changed its name from Vertoz Advertising Ltd. to Vertoz Ltd. in 2024.It provides online advertising services to the clients in the country and abroad. It's mainly an AI based specialized company in MAD Tech and Cloud tech, serving advertisers, agencies, publishers with digital solutions and monetization.
VL has 25000 Mad Tech customers and 18000 Cloud Tech customers and more than 350 million audiences. It currently manges over 3.48 lakh active domains as it the 2nd largest domain processor.
Our 2nd pick is Chalet Hotels Ltd.It was founded in 1986 engaged in hospitality business (hotels). It manges and owns a wide range portfolio of high end resorts and hotels throughout the country.
(Stop- Loss in these stocks should be one candle close below 20 EMA line or as per individual risk apatite.)
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