Stocks to buy: Coal India, Bajaj Finance, JSW Energy, Policybazaar among 12 stocks that can rise 8-27% in next 3-4 weeks
Correction in midcap, smallcap stocks an entry opportunity; TVS, Zomato best picks among ‘fallen angels’: Emkay Global Axis Securities expects Nifty to trade in the range of 22,500-21,600 with mixed bias this week. Experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks.
Take a look: On the daily chart, JSW Energy has broken above the downward-sloping trendline at ₹505, indicating a positive bias. The stock found support at the horizontal level around ₹450, formerly a resistance, now acting as support due to the principle of polarity. It found support at ₹475, which corresponds to the 50 per cent Fibonacci retracement level of the rally from ₹453 to ₹502, forming a short-term support around that level.
The daily strength indicator RSI has given a crossover above its reference line, generating a buy signal. Also Read: Best performing stocks since last election year Policybazaar demonstrates a bullish breakout above the small falling channel pattern at ₹1,145 on the weekly chart, signalling a positive bias. The stock is establishing a higher high-low pattern and maintaining its position above an upward-sloping trendline, indicative of an uptrend in the medium term.
Additionally, the stock is maintaining its position above the 20, 50, 100, and 200 simple moving averages (SMA), further indicating a positive bias in its price trend. The weekly Relative Strength Index (RSI) is in bullish mode, holding above its reference line, suggesting a positive bias in the stock. On the weekly chart, Cummins India has broken out of a five-week consolidation zone between
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