Stocks to buy: Infosys, Adani Ports among 10 stocks that may rise 8-16% in next 3-4 weeks, say analysts; do you own any?

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General Elections 2024: How different poll outcome scenarios will impact equity, forex and bond marketsThe Indian stock market may see some volatility in the near term as the election outcome day draws closer. Market experts suggest picking stocks with strong technical indicators. Based on the recommendations of several experts, here are 10 stocks that may rise 8-16 per cent in the next 3-4 weeks.

Take a look:Also Read: Stocks to buy: Tata Motors, L&T among 9 stocks that may give double-digit returns in the short term, say analystsOver the past few months, Infosys stock has been consolidating within a narrow trading range, approximately between ₹1,400 and ₹1,450. This period of consolidation indicates that the stock was moving sideways without any significant upward or downward momentum. However, the stock price recently broke out of this range, moving above the ₹1,450 level and maintaining its position above this previous resistance level.

This breakout suggests a potential shift in market sentiment from neutral to positive. From a technical analysis perspective, the daily stochastic indicator, which measures the stock's momentum, has reversed direction from the 60 level and is now approaching the overbought zone. This shift in the stochastic indicator implies increased buying, which is a bullish signal and suggests that the stock may continue to rise."Based on these observations, we recommend that investors and traders consider taking a long position in Infosys within the price range of ₹1,445 to ₹1,470.

The target for this trade is an upside of ₹1,575. To manage risk, a stop loss should be placed near ₹1,399 on a daily closing basis," said Patel.The stock recently faced a significant decline. It is currently trading