Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US jobs data to Nasdaq rally For the short term, market experts suggest picking stocks with strong technical indicators. Based on the recommendations of several experts, here are 9 stocks that can rise 6-15 per cent in the next 3-4 weeks. Take a look: Orient Electric has demonstrated a breakout above the medium-term falling channel pattern at ₹225 on the weekly chart, suggesting the onset of an uptrend.
The stock is holding above key moving averages of 20, 50, 100, and 200 days, indicating an uptrend in both the short and medium term. The stock's closing above the daily upper Bollinger Band also signals a short-term buying opportunity. The weekly RSI holds above its reference line, indicating positive bias.
Also Read: Stocks to Watch: Kotak Mahindra Bank, DMart, Mahindra Finance, Britannia, Titan, Inox Wind On the weekly chart, BASF has broken out above the rounded bottom pattern at ₹3,900 with a strong bullish candle, signalling the continuation of the uptrend. The stock is forming higher highs and higher lows on the weekly chart, while also maintaining above an upward-sloping trendline, indicating an upward bias. The stock's closing above the weekly upper Bollinger Band also signals a medium-term buying opportunity.
The weekly RSI holds above its reference line, indicating positive bias. On the daily chart, Indiamart Intermesh has broken out above the symmetrical triangular pattern at ₹2,700 with a breakaway gap area and a strong bullish candle, indicating the start of an uptrend. During pattern formation, volume activity tends to decline, while at the breakout, there is an increase in activity, indicating an influx of market
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