Stocks to buy: SBI Card, CDSL, Jindal Saw among 8 stocks that can rise 5-31% in next 3-4 weeks, say analysts
5 biggest concerns around Iran-Israel tensions that could impact Indian stock market Experts are of the view that the market may remain volatile in the short term and one should focus on buying only quality stocks at this juncture Based on the recommendations of several experts, below are eight stocks that one can consider buying for the next three to four weeks. Take a look: Following its double top formation near the ₹4,900-4,800 zone, Navin Fluorine International has experienced a significant downturn, shedding nearly 2,000 points, equivalent to a substantial 41 per cent decrease in price. However, in the last five to six trading sessions, it has found support near the ₹3,000 mark.
Concurrently, a bullish crab pattern has materialized on the stock's daily chart, signalling a potential reversal in trend. Moreover, "regular bull divergence" has been identified on the Relative Strength Index (RSI) daily scale, indicating strengthening bullish momentum. "Based on these technical indicators, investors may consider initiating long positions within the range of ₹3,200-3,300.
The upside target for this trade is set at ₹3,600. To manage risk, a stop loss order should be placed near ₹3,075 to limit potential losses in case the trade doesn't perform as expected," said Patel. Also Read: Stocks to buy: V-Guard, eClerx Services, Dhanuka Agritech, among five fundamental stock picks by HDFC Securities AU Small Finance Bank reached around ₹813 on January 08, 2024, but then experienced a decline of approximately 259 points (about 32 per cent).
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