INSUBCONTINENT EXCLUSIVE:
quarter earnings, a spike in crude oil prices, geopolitical tension on the Kashmir front and political uncertainty ahead of the general
elections kept investors away from the market
Technical analysts see stock-specific opportunities in this market
Based on various brokerage recommendations, here is a list of 10 stocks that can potentially deliver solid gains over the next 2-3 weeks
Mustafa Nadeem, CEO, Epic ResearchTorrent Pharma | Buy | Target price: Rs 1,870-1,920 | Stop loss: Rs 1,725This stock has been witnessing a
bullish trend since April 2018, as it has been trending above its short-term moving averages
The recent correction has created an opportunity for the stock to enter the established trend
Bharti Infratel | Buy | Target price: Rs 340 | Stop loss: Rs 287Bharti Infratel reversed recently after a bearish trend, as the stock has
been making higher tops and bottoms
A sustained close above key resistance levels with higher volumes and internal strength is favouring the bulls.
Aditya Agarwala, technical
research analyst, YES Securities (India)Bajaj Holdings Investment | Buy | Target price: Rs 3,450-3,650 | Stop loss: Rs 2,950On the weekly
chart, this stock is on the verge of a breakout from the neckline of an ascending triangle pattern placed at Rs 3,230
A successful breakout and sustained trade beyond the neckline resistance can extend the upward movement to the Rs 3,450-3,650 levels
Moreover, the stock witnessed volume-backed buying in the previous week, confirming the bullishness
The RSI has also turned upward, after taking support at the lower end of the bull zone i.e
48 level, and has formed a positive reversal on the daily chart, suggesting bullishness on the counter
AIA Engineering| Buy | Target price: Rs 1,800-1,900 | Stop loss: Rs 1,630The weekly chart suggests AIA Engineering is on the verge of a
breakout from a triangle pattern
On the daily chart, the stock has broken out of a sideways consolidation, triggering a bullish breakout
A sustained trade above Rs 1,700 will extend the rise to Rs 1,800-1,900 levels
The RSI has turned upward from the 40 mark, after forming a positive reversal, affirming bullishness.
Vaishali Parekh, Senior Technical
Analyst, Prabhudas Lilladher Reliance Industries | Buy | Target price: Rs 1,350 | Stop loss: Rs 1,200This stock has shown a higher bottom
formation on the daily chart and formed a positive candle to signify strength
It has the potential to rise further with a positive bias in the coming days
With good volume participation witnessed, we recommend a buy on this stock for an upside target of Rs 1,350, keeping a stop loss of Rs
to be on the verge of a breakout, as it has registered a bullish engulfing formation on the weekly chart in a week, when the rest of the
up for a lucrative target towards Rs 520
Aditya Birla Fashion and Retail | Buy | Target price: Rs 257 | Stop loss: Rs 209For the last six sessions, this stock has been moving in a
narrow range of five points
It, however, appears to have emerged out of this range in the last session on relatively much higher volumes
The stock can head to retest its lifetime high placed around Rs 263
Parar, Senior Technical Research Analyst, Choice Broking Balrampur Chini Mills | Buy | Target price: Rs 160 | Stop loss: Rs 94On the daily
chart, the stock has given a breakout of the neckline of its "cup handle pattern" formation with an increase in volume
This suggests a bullish run and the stock may surge from its current level
The stock has strong support of 200-days exponential moving average which is placed at Rs 94.
Dilip Buildcon | Buy | Target price: Rs 515 |
indicates upside movement in the counter
The volume activity is gradually picking up with the rise in price which shows an accentuated buying activity in the counter
The stock has started to trade above its 50-day moving average which indicates further upside movement in the stock.
(Views and
Please consult your financial advisor before taking any position in the stock/s mention)
