Best Stocks to buy post Budget 2019. How to invest during such events?
Budget and elections are always been used to make speculated investments or trades and almost 20% retail traders lose more than 80% available capital in less than a week after the event.
How to invest during such events?
It is always better to invest post the event. Some speculated stocks may spike during the event.
Always be patient. Market never runs away at once. You may miss a stock or two. Find a strategy that makes you money at all weathers.
Stocks with strong upside potential should be shortlist. Check the fundamentals and fix a fundamental target using the formula ‘recent quarterly EPS x 4 x industrial PE or historic Average PE’ understand the upside potential in a stock Fundamentally.
Check for Valuation ratios, profitabilty ratios like margin%, ROE% and ROCE%, and also the balance sheet for better Current ratio and Debt ratio.
You can go through brokerage research reports and also the holding of mutual funds and promoters.
Once you find the stock to be fundamentally strong with good upside, add the stock to the watchlist and check technical charts for good buy zones and trends. Avoid stocks trending down for a while.
Best stocks to buy and avoid after Budget 2019:
Stocks that are shortlisted and best stocks to buy and avoid will be updated here post budget.
Best sectors to focus that are already trending:
1. Power transmission
3. Power finance
6. Infrastructure development
7. Electric auto ancillaries
8. Asset management
9. Gas distribution
11. Health care
12. Tele communication
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