From the time New-York-based investment research firm Hindenburg on 27th January 2023 raised serious allegations about Indian business tycoon Gautam Adani the stock market has seen a sudden drop in prices of most of the companies. During this stock market bloodbath, it is very important to invest in the right shares and companies to be at the minimum risk of loss.
Deepak Dhawan, a Stock Trader & Trainer gave insight into some of the best company shares that a person should invest in during the stock market downfall.
First is Supreme Ind. With Supreme IND seeing a Triangle Breakout in the daily time frame at ₹2500, the stock gives a good breakout and is doing a pullback now. The resistance level is likely to turn into support and a further up move is suspected. So, you can buy this stock at ₹2500 and set the stop loss at ₹2360.
Second, comes Donear. In Donear, stock gives a monthly breakout after a period of 5 years, with strong volume. Now price is retesting the breakout area. You can add after pullback at 75-80 level with a stop loss of 60 weekly closing basis.
Thirdly, you can try investing in Kabra Extrusiontech. This stock gives a breakout from the previous resistance level of 525, now stock is retesting the pullback area. If pullback holds you can buy with a stop loss of 450.
Although, during this stock market downfall there is no guarantee which company will not suffer a loss but these three are the ones that are at minimum risk of it.