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Brightcom, TTML, 63 Moons: 5 smallcap stocks that look good on the charts

Unless there is not a volume-based selling, these stocks could jump as high as 27% in no time.

stocks, market, investors, investment
Smallcap stocks
Avdhut Bagkar Mumbai
3 min read Last Updated : Dec 15 2021 | 11:46 AM IST
Sastasundar Ventures Ltd (SASTASUNDR)
Likely target: Rs 600
Upside potential: 27%

Sastasundar Ventures shares have jumped four times in the last six months and such an extraordinary move is able to continue further as long as the support of Rs 400 is held firmly.  While, the Relative Strength Index (RSI) trades in the overbought category, the stock strength is not exhibiting any weakness, according to the monthly chart. The overall bullish trend may see a rally in the direction of Rs 600 levels. CLICK HERE FOR THE CHART

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63 Moons Technologies Ltd (63MOONS)
Likely target: Rs 250
Upside potential: 21%

Today on December 15, the stock has not only claimed a fresh 52-week high, but also conquered the significant resistance of Rs 179.15 with an aggressive follow-up buying. This move is hinting an upside towards Rs 250, which seems to be the next hurdle mark, according to the weekly chart. The immediate support comes at Rs 180 and rs 160 levels. CLICK HERE FOR THE CHART

Butterfly Gandhimathi Appliances Ltd (BUTTERFLY)
Likely target: Rs 1,100
Upside potential:  15%

The trend indicates a formation of “Higher High, Higher Low”, which is a sign of a bullish sentiment, based on the weekly chart. In addition, the support of Rs 850 has been held firmly in the recent correction and as long as it is protected, the rally may see an upside towards Rs 1,100 levels. A fresh breakout may emerge above the said level and could see further additions of longs. CLICK HERE FOR THE CHART
 
Brightcom Group Ltd (BCG)
Likely target: Rs 225
Upside potential:  21%

In the last six months, the stock has jumped by near 1,000 per cent and continues to draw buying support. The immediate support comes at Rs 160 and Rs 140 levels. The bullish trend suggests a possible upside in the direction of Rs 225. Unless a volume-based selling does not emerge, the stock may continue to dominate the selling pressure, according to the daily and weekly charts. CLICK HERE FOR THE CHART
 
Tata Teleservices (Maharashtra) Limited (TTML)
Likely target: Rs 210
Upside potential: 23%

The daily chart shows firm bullish volumes on the green candles, which continue to provide higher closes. Thus, as long as there is a strong volume support, this stock may not see an immediate weakness. The positive trend exhibits Rs 210 as the next level to achieve. The support falls at Rs 150 levels. CLICK HERE FOR THE CHART


Topics :SmallcapBuzzing stocksTTML63 moons technologiesMarket trendsStock Picksstocks technical analysisStock Recommendations

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