Stock Market Crash: Expert Recommends 5 Stocks, Check Target Price And Other Details

A sharp sell-off in the stock market wiped out over Rs 10 lakh crore from investors' wealth on Monday as the benchmark Sensex plummeted over 2,400  and Nifty dropping 400 points in early trade

We expect Paints related stock to perform well and technically Asian Paints is offering fresh buying opportunity. It has recorded a breakout from multi month consolidation formed at its long term moving average i.e. 200 WEMA. The stock has rebounded after completion of bullish ABCD pattern and now has witnessed breakout from a squeeze Bollinger Bands denotes upward momentum to continue.

Apollo hospitals has been a consistent performer within the hospital space. Stock has managed to surpass above the supply zone of 6550-6500 along with an uptick in volumes indicating a positive bias. Price is holding above 50 & 100 DMA which suggest inherent strength in price. Additionally, MACD is trading positively which compliments bullish view in the stock.

Oflate the OMCs stock has outperformed the benchmark index and BPCL is leading from the front. The stock has registered a decisive breakout from an elevated base with noticeable surge in volumes denotes positive bias in price. Following price pattern and Buoyancy in the sector we expect bullish tone to continue. Following the price pattern stock is likely to inch higher towards 355 and 380 levels with a stop loss below 318

IEX has ended it prolonged consolidation range, which continued for over two years, denoting a potential shift in trend from sideways to upwards. Recently, the price rallied higher, testing the support zone, which was previously acting as a resistance zone on the weekly chart. This suggests upward momentum in the stock to continue.

Tata consumer products have been consolidating in a narrow range from the past three months. It has formed a volatility contraction pattern on the daily chart, holding above 100 DMA which adds further positivity to the upmove. On indicators front, stock has given a RSI breakout from 62 level, which was acting as a strong hurdle for the stock. MACD is also trading in bullish trajectory. This indicates a bullish trend to continue.