Stocks to Buy: Aarti Industries, Navin Fluorine, UPL among 6 chemical stocks with up to 25% upside potential: Analyst

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Alkyl Amines Chemicals, Tatva Chintan Pharma Chem, UPL and Gujarat Alkalies & Chemicals are six chemical sector stocks that can give up to 25% upside in the short term, according to Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher. As per the technical analysis report by the analyst, these stocks are showing consolidation and are bottoming out and can see a decent upmove. Aarti Industries has made more or less a double bottom pattern formation in the daily chart and has got strong support at around 440 levels.

The stock has regained strength and is on the rise, and we anticipate further upside gains in the coming days. With the RSI turning positive, signaling a buy, we recommend this stock for an upside target of 600 while keeping a stop loss of 440, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher said. Navin Fluorine International shares made a higher bottom formation in the daily chart, and the trend is in a positive bias with much potential on the upper side.

The analyst anticipates the stock to give a breakthrough above the ₹4,900 level, and along with volume and favorable factors supporting a buy, Parekh recommends a buy in this stock for an upside target of ₹5,500 while keeping a stop loss of ₹4,300. Also Read: Buy or sell: Paints sector in consolidation mode. Add Kansai Nerolac, reduce Asian Paints, Berger Alkyl Amines Chemicals stock has corrected well from the peak levels of ₹4,700 to ₹2,100.