Stocks to buy: SBI Card, Repco Home, Hikal among 9 stocks that can rise 11-26% in next 3-4 weeks; do you own any?
₹1,400, supported by a robust bullish candle, signalling a positive bias. The stock found support at ₹1,220, which was a swing low formed in February 2023, and experienced a strong reversal; it may potentially form a double bottom pattern. The stock is holding above key moving averages of 20, 50, 100, and 200 days, indicating an uptrend in both the short and medium term.
The weekly strength indicator RSI is holding above its reference line, indicating positive bias. The stock has exhibited a breakout above the consolidation zone between ₹545-430 on the weekly chart, indicating a continuation of the medium-term uptrend. It found support above the 38 per cent Fibonacci retracement level of the rally from ₹197 to ₹541 at ₹412, establishing a medium-term base that may support further upward movement.
The stock is forming higher highs and higher lows on the weekly chart, while also maintaining above an upward-sloping trendline, indicating an upward bias. The weekly strength indicator RSI has given a crossover above its reference line, generating a buy signal. On the weekly chart, Repco Home Finance has broken out above the consolidation zone between ₹480-370, signalling the continuation of an uptrend.
It has found support above the 38 per cent Fibonacci retracement level of the rally from ₹168 to ₹492 at ₹370, establishing a medium-term base for potential further upward movement. The stock's break above the upper Bollinger band has generated a buy signal. The weekly strength indicator RSI has given a crossover above its reference line, generating a buy signal.
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