Recommended stocks to watch: Top stock picks by market experts for 12 March
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Trent Ltd: Current market price: ₹4,995.45 | Buy range: ₹4,850–5,050 | Profit goal: ₹6,200 | Stop loss: ₹4,650| Timeframe: 1–2 months Coal India: Current market price: ₹379.05 | Buy range: ₹370–382 | Profit goal: ₹430 | Stop loss: ₹349 | Timeframe: 1–2 months Also Read: Investing 101: How to identify a fraud company Hindalco: Buy at ₹695.50 | Target ₹740-750 | Stop loss ₹676 On the daily chart, the stock is showing bullish momentum. The RSI is above 60, indicating strong buying pressure.
The MACD line is above the signal line, confirming a positive trend. Additionally, the ADX is above 25, signaling strong trend strength. Solar Industries: Buy at ₹9,765 | Target ₹10,200-10,300 | Stop loss ₹9,560 The stock has created a good base at 8500 and is now back to the previous swing high of 9750.
We draw a trendline on the daily chart, and the stock is ready to give a falling wedge breakout (on the upper side). Also, RSI is at 63, and MACD has given a bullish crossover. Sandur Manganese and Iron Ores: Buy at ₹485 | Target ₹525-540 | Stop loss ₹458 On the daily chart, RSI, CCI, and MFI are in the bullish zone.
On the 15-minute time frame, the stock is forming a flag pattern and is ready for a breakout above 494. If the stock sustains above this level, we can expect the bullish momentum to continue. Also Read: Stock market mayhem: Will history repeat itself? Tata Elxsi: Sell: ₹5,420-5,430; rallies to ₹5,490; stop: ₹5,515; target: ₹5,205 Ashok Leyland: Sell: ₹200; Rallies to ₹206; Stop: ₹209; Target: ₹191 UBL: Sell: ₹1,878, Rallies to ₹1,910; Stop: ₹1,930; Target: ₹1,805 Also Read | NSE vs BSE: How Sebi’s curbs are reshaping India’s
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