homephotos Newsmarket Newsstocks NewsTechnical stock picks: 7 bets analysts recommend for gains in short term

Technical stock picks: 7 bets analysts recommend for gains in short term

SUMMARY

Can the market sustain its recent recovery? The Nifty50 has receded more than six percent from its all-time high seen in October, and is looking overheated. Are there buying opportunities in the market now? Here’s a list of stocks -- including Asian Paints, Britannia and Ugar Sugar Works -- analysts have handpicked to make the most of the current trend in the market.

Profile image

By Sandeep Singh  Dec 10, 2021 2:35:21 PM IST (Published)

Listen to the Article(6 Minutes)
CNBCTV18
Image count1 / 7

Britannia: The stock is hinting at a reversal after taking support at its 100-week simple moving average with good volume. Britannia shares are expected to continue their upmove in the near term. One can buy the stock at Rs 3,630 for a target of Rs 3,850/4,000 with a stop loss at Rs 3,450. (Analyst: Sumeet Bagadia, Choice Broking)

CNBCTV18
Image count2 / 7

Tata Teleservices: The stock appears to be in a bullish trend and is likely to continue its momentum in the long run. One can buy the stock near Rs 145 for a target of Rs 185 with a stop loss at Rs 128. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

CNBCTV18
Image count3 / 7

Ugar Sugar Works: The stock has been making higher tops and higher bottoms for the past several months. It has given a smart bounceback recently after correcting from a high of Rs 40 to find support around Rs 25, a level which roughly coincides with its 50-week simple moving average. Technical indicators are giving positive signals with the stock trading above the 20-day simple moving average. With the intermediate technical setup looking positive, the stock appears to have the potential to move higher in the coming weeks. One can buy the stock in the range of Rs 28.5-29.7 for a target of Rs 32.4/37 with a stop loss at Rs 27. (Analyst: Subash Gangadharan, HDFC Securities)

CNBCTV18
Image count4 / 7

Tanla: Technical indicators are suggesting the momentum is likely to continue. Buying is recommended above Rs 1,680 for a target of Rs 1,980 with a stop loss at Rs 1,375. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

CNBCTV18
Image count5 / 7

Yes Bank: The stock looks positive from a technical perspective. One can buy Yes Bank shares above Rs 14 for a target of Rs 18.5-20 with a stop loss below 11.5. (Analyst: Ajay Kedia, Kedia Advisory)

CNBCTV18
Image count6 / 7

Home First Finance: The stock has been trading in an ascending channel. Home First is expected to gain momentum going forward. One can buy Home First Finance shares above Rs 885 for a target of Rs 970 with a stop loss at Rs 808. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

Asian Paints
Image count7 / 7

Asian Paints: Technical indicators look positive. Buying is recommended at Rs 3,177 for a target of Rs 3,300/3,380 with a stop loss at Rs 3,060. (Analyst: Sumeet Bagadia, Choice Broking)

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

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change