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

livemint.com:

Indian market and some selling by foreign portfolio investors (FPIs) in the cash market amid rising dollar and bond yields. The short-term outlook of the market is cautious and analysts expect the market to see some consolidation. "The rally in global markets, driven by the US economy’s soft landing narrative, appears to be losing steam.

The major headwinds for the markets now come from the rising dollar and bond yields," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "The FPI selling in the cash market in August so far is likely to continue, going forward. Since the developments in the US economy are the main influences on the market, all eyes will be on Fed Chief Powell’s speech at the Jackson Hole Symposium on Friday.

Long-term investors can use market corrections to slowly accumulate high-quality growth stocks, particularly in banking, capital goods and automobiles," said Vijayakumar. As the market sentiment is cautious at the current juncture, analysts recommend buying only quality stocks for the short term. Here are nine technical calls that one can buy for the next three-four weeks.

Take a look: Lemon Tree has been consistently forming higher highs and higher lows on the weekly charts suggesting the stock has been in a strong uptrend. The stock is exhibiting an interesting continuation pattern on the daily timeframe, wherein it witnesses a brief period of consolidation followed by a breakout which pushes the price higher. It then again witnesses a consolidation and a breakout.