Stocks to buy: HUL, BEL, IDFC First Bank among 12 stocks that can rise 8-15% in next 3-4 weeks, say analysts
Stock market today: Ashok Leyland, ICICI Bank to NCC — 7 buy or sell stock ideas by experts Experts recommend focussing on technically and fundamentally sound stocks for the short term. 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 weekly chart, BEL has broken out of an eleven-week consolidation zone ranging between ₹217 and ₹179.
This breakout is accompanied by a robust bullish candle, indicating a potential continuation of the medium-term uptrend. Volume activity has increased at the breakout, indicating a surge in market participation at the breakout. The stock is currently demonstrating a medium-rising channel trend, finding recent support at the lower band and poised to advance towards the upper band.
The weekly strength indicator RSI has given a crossover above its reference line, generating a buy signal. Also Read: Stocks to Watch: Wipro, L&T, Adani Green, Vi, Cochin Shipyard, ZEEL, Titan On the weekly chart, IDFC First Bank has broken out above the falling channel pattern at ₹80, signalling a shift in trend towards a positive bias. It has found support above the 50 per cent Fibonacci retracement level of the rally from ₹52 to ₹101 at ₹77, establishing a medium-term base for potential further upward movement.
Post-breakout, the stock is anticipated to sustain its medium-term uptrend as it undergoes profit booking, amounting to 50 per cent of the recent rally, followed by a reversal breakout. The weekly strength indicator RSI has given a crossover above its reference line, generating a buy signal. On the weekly chart, Escorts Kubota has broken out above the falling channel pattern at ₹2,885, accompanied by a
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