RECommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 10 stocks that one can consider buying for the next three to four weeks. Take a look: (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) On the weekly chart, Tata Steel has breached the multi-year resistance around ₹150 level, suggesting a continuation of the medium-term uptrend.
The previous resistance level of ₹150 is anticipated to now serve as support, adhering to the principle of polarity, thereby establishing a supportive zone for the stock's price action. The stock is trending in an upward-sloping channel, recently finding support at the lower band and now heading towards the upper band. The weekly Relative Strength Index (RSI) is in bullish mode, maintaining above an upward-sloping trendline, supporting the upward price action.
Also Read: Adani Ports share price hits record high as cargo volumes surge 33% in February Jamna Auto exhibits a bullish breakout above the symmetrical triangular pattern at ₹125 on the weekly chart, indicating the potential continuation of a medium-term uptrend after two years of consolidation. Increased volume activity at the breakout suggests an influx of market participation. The stock's closing above the upper Bollinger Band on the weekly chart has generated a buy signal.
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