Stocks to buy this week: Experts suggest these nine technical picks; do you own any?

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₹30,660 crore in India inclusive of bulk deals and investment through the primary market. This reflects the increasing FPI confidence in the Indian economy and markets. Investors should remember the fact that from the short-term perspective valuations are stretched.

But a lesson from market history is that a liquidity surge can keep the valuations elevated for an extended period of time," said Vijayakumar. Market sentiment is bullish but an elevated valuation may trigger a short-term correction. Considering this, experts recommend betting on stocks which are sound on technical parameters.

Here are nine stocks that one can buy for the next 3-4 weeks: The stock, after a decent erosion, bottomed out near ₹3,170, near the previous low. It indicated a decent pullback to improve the bias. It can carry on the momentum still further.

RSI also reversed from the highly oversold zone and signalled a buy. "With the chart looking attractive and with good volume participation witnessed, we recommend a buy keeping a stop loss of ₹3,170 for an upside target of ₹3,600," said Parekh. The stock has witnessed a decent correction from its high of ₹131 and took support around ₹103, which is a 50 per cent retracement of the fall.

"It formed a double bottom formation near the retracement level to make a recovery, showing potential and strength to gain further in the coming days. The RSI has recently shown a trend reversal, signalling a buy and hence, is supporting our view of a positive bias, we recommend a buy in this stock for an upside target of ₹127, keeping a stop loss of ₹100," said Parekh. The stock after a short correction has indicated a decent pullback with a positive candle on the daily chart to form a higher bottom formation.