
Recommended stocks to watch: Top 5 stock picks by market experts for 4 March
Subscribe to enjoy similar stories. • Ahluwalia Contracts: Buy above ₹665, stop ₹653, target ₹715 This counter from real estate industry has found some strong supports after the recent decline and the price rose steadily on Monday. A rise in volumes could now result in a revival.
As robust momentum is seen building up, consider going long. • Anand Rathi Financial Services: Buy above ₹4,150, stop ₹4,070, target ₹4,500-4,625 After prices moved above the bands they are seen holding bullish tones and the momentum readings indicate an upmove. As trends are looking promising, with the formation of a long body candle, you could consider a strong thrust to the upside.
With near-term resistance turning into supports, you could look to initiate a buy. Also read | Manufacturing PMI: Q4 is a litmus test, but no fireworks so far • KEI: Buy at ₹3150, stop ₹3080 target ₹3520-3600 After a recent upmove, the stock has seen a revival from lower levels. Supports indicated by candlestick patterns show the trends in this counter could revive after the recent correction.
The strong display of momentum clearly highlights that there is more room on the upside. As every dip is meeting demand at lower levels, so it's best to consider this as an opportunity to go long. Also read: Schaeffler India's growth needs speed to justify rich valuation Blue Star Ltd: Current market price ₹1,732.40 | Buy range ₹1,715–1,745 | Profit goal ₹1,870 | Stop loss ₹1,670| Timeframe 1–2 months Aether Industries Ltd: Current market price ₹895 | Buy range ₹880–900 | Profit goal ₹1,050 | Stop loss ₹ 830 | Timeframe 2–3 months Also read: Another headache for cement cos amid weak prices? About the analysts: MarketSmith India is a stock research platform. Raja Venkatraman
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