Stocks to Buy -Maruti Suzuki , JSW Energy among 4 weekly technical stock picks by Axis Securities

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Maruti Suzuki India Ltd , JSW Energy Ltd , Cummins India Ltd, PB Fintech (policy Bazaar) are among 4 weekly technical picks by Axis Securities to buy this week. For Maruti Suzuki India that is trading at close to 12436 levels, the buy range recommended by Axis Securities is between ₹12200- ₹11960, for an upside of 7-9%. The stop loss for Maruti Suzuki specified by Axis Securities stands at ₹11650.

The target price indicated by Axis for Maruti stands between 12940-13200 levels As per the weekly chart, Axis securities observes that Maruti Suzuki has has broken out of a five-week 'Consolidation' zone that stood between 11730-11300. The same has been accompanied by a robust bullish candle on the chart of Maruti Suzuki that indicates towards the continuation of the medium-term uptrend for Maruti Suzuki Stock. Following the breakout, the Maruti Suzuki stock continues its upward momentum and Maruti Suzuki stock and is predicted to continue the momentum.

Also Read-Zomato share price climbs to lifetime high on second day in a row. Experts see more upside JSW Energy - For JSW Energy that is trading near ₹520 levels , the buy range recommended by Axis Securities is between ₹510-500. The Stop loss for JSW Energy recommended by Axis stands at ₹470 for an upside of 14%–17% for JSW Energy to ₹575-590 levels.

The holding period recommended by Axis for JSW Energy is 3-4 weeks. The daily chart shows that JSW Energy has broken above the 'Downward Sloping Trendline' at ₹505, indicating a positive bias said Axis Securities As per the "Principle of Polarity," the stock found support at the horizontal level of about 450, which was previously acting as resistance for JSW Energy. PB Fintech Ltd (Policybazaar) - For PB Fintech (Policybazaar) that