

Recommended stocks to watch: Top 8 stock picks by market experts for 5 March
Subscribe to enjoy similar stories. • AMI Organics: Buy at current market price and dips to ₹2,250, stop ₹2,230, target ₹2,500-2,550 This chemical stock has been undergoing a lot of pain and was subject to some intense sell-off. The last few days have been spent in consolidation, and now, with volatility expanding to the upside, one can look at some potential rise in store.
Also, the rebound emerging in certain high beta stocks, and the recent profit booking dragging the prices into the moving average band support region are now spurring a rebound. With the relative strength index firmly in place, one should consider a long opportunity. • Electrosteel Castings: Buy above ₹96, stop ₹93 target ₹105-108 This counter, after the sharp drop seen in the last few weeks, the prices are showing positive divergence in the last few days have shown an inclination to resume the upward bounce.
A long body candle close on the last two trading sessions highlights continued positive sentiment. As the momentum is seen rising above important RSI zones, consider going long. • Hikal Ltd: Buy above ₹360, stop ₹348, target ₹385-395 There is once again a strong bullishness seen in pharma stocks, and the revival this time around in this stock seems more robust.
The strong surge in volumes combined with the push from the support regions augurs well for the prices. The positive ‘directional index’ is seen rising and pushing prices above the clouds. With a long body candle firmly in place, we can look to initiate longs.
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