Dont Miss action in these three trending stocks in coming week!

The markets tumbled on Friday with the new variant of the Covid-19 virus triggering a global market sell-off. With the kind of negative closing on Friday, Nifty may head towards 16800 levels as we may see some more pain in the markets. The BSE Healthcare index closed in green and featured amongst the top sectoral gainers in Friday trading session.

Following three stocks gave a positive closing and promise to remain in limelight next week: -

1. Meghmani Organics: The shares of Meghmani Organics closed higher by 20 per cent on Friday and were locked in the Upper Circuit. On daily charts, the RSI indicated an oversold position in the shares of Meghmani Organics. The stock bounced handsomely from its oversold position to lock itself in the upper circuit. The shares managed to close above its short-term averages viz., 9D SMA and 20D SMA.
2. Cipla: The shares of Cipla were seen gaining by more than 7 per cent on Friday with a spurt in volumes of over 9.67 times. A bullish Engulfing pattern was formed in Cipla indicating a bullish undertone. The price volume breakout and the positive momentum in the pharma shares may attract buyers in Cipla, in the coming week. 
3. Palred Technologies: The shares of Palred Technology attracted buyers as the price volume breakout in the stock pushed it higher by ~20 per cent in Friday trading session. The spurt in volumes was about 2 times for Palred Technologies. The shares of multibagger Palred Technologies have jumped higher by more than 61 per cent in one month alone. Palred Technologies shares will be in focus next week owing to strong price momentum and bullish technical.