homephotos Newsmarket Newsstocks News

Technical stock picks: Analysts' top short term bets now

Technical stock picks: Analysts' top short-term bets now

Technical stock picks: Analysts' top short-term bets now
Profile image

By Sandeep Singh  Oct 14, 2021 1:28:30 PM IST (Updated)

Switch to Slide Show
Slide Show

SUMMARY

Did you know Nifty50 took just 41 days to reach Mount 18,000 after touching the 17,000 mark for the first time ever? Indian equity benchmarks are reaching new heights every day with no sign of fatigue. Are there any stocks you can buy now to make most of the market rally? Scrips such as Jubilant FoodWorks, Asian Paints and Vinati Organics are among analysts' top bets that are looking attractive at the current juncture for solid gains in the near future.

Jubilant FoodWorks
Image count1 / 8

Jubilant FoodWorks: The stock has broken out of a swing high on a closing basis, suggesting further upside. One can buy Jubilant FoodWorks shares for a target of Rs 4,500 with a stop loss at Rs 4,100. (Analyst: Shrikant Chouhan, Kotak Securities)

CNBCTV18
Image count2 / 8

Vinati Organics: The stock appears to be in an uptrend with momentum indicators MACD and RSI suggesting further upside. Buying is recommended above Rs 2,120 for a target of Rs 2,280 with a stop loss at Rs 2,035. (Analyst: Ashis Biswas, CapitalVia Global Research)

CNBCTV18
Image count3 / 8

Apollo Tyres: The stock has formed a flag pattern, reversing course from support at the 200-day moving average. One can buy Apollo Tyres shares above Rs 245 for a target of Rs 325 with a stop loss at Rs 198. (Analyst: Ashis Biswas, CapitalVia Global Research)

CNBCTV18
Image count4 / 8

JSPL: The stock appears to be in a consolidation phase holding above crucial support at Rs 410/405. It is outperforming the metals and mining space. Shares can be bought for a target of Rs 440 with a stop loss at Rs 410. (Analyst: Shrikant Chouhan, Kotak Securities)

Asian Paints
Image count5 / 8

Asian Paints: The stock has formed a channel on the daily charts, trading near support at the channel line. Technical indicators are suggesting that the momentum is likely to continue going forward. Buying is recommended above Rs 3,310 for a target of Rs 3,500 with a stop loss at Rs 3,170. (Analyst: Ashis Biswas, CapitalVia Global Research)

Vedanta share price falls
Image count6 / 8

Vedanta: The stock has taken out an existing high with healthy volumes. It is backed with a strong sectoral chart, which makes it a perfect buy candidate. One can buy Vedanta for a target of Rs 360 with a stop loss at Rs 280. (Analyst: Manish Hathiramani, Deen Dayal Investments)

Explained: What is Container Imbalance? qExplained: What is Container Imbalance?
Image count7 / 8

Adani Ports: The stock has zoomed past an intermediate high of Rs 786, which should allow it to gain more altitude. Buying is recommended for a target price of Rs 820 with a stop loss at Rs 730. (Analyst: Manish Hathiramani, Deen Dayal Investments)

CNBCTV18
Image count8 / 8

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
arrow down

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng