Market analyst Rajesh Palviya today told Zee Business Managing Editor Anil Singhvi that his previous stock recommendations have been doing rather well. Out of the 30 stocks recommended by this analyst on this show, 19 have achieved their targets. There is a stop loss on 6 stocks while the remaining 5 stocks are in open category.
In continuation to previous recommendations, the technical analyst recommended 3 more stocks with a long term, positional medium term and short term view. Know which these stocks are!
Top Stocks To Buy: Birla Corporation
Palviya said that his long term pick was Birla Corporation. Looking at the set-up of this stock on weekly and daily charts, it appears that the stock is ready for a big breakout in the former case. As for latter, it is continuously breaking its daily moving averages, Palviya said. This stock has seen a consolidation and it is being accumulated at lower levels. This stock should be bought with a long term perspective. This stock is currently trading around Rs 649. This stock should be bought in the range of Rs 620-640. The target price of this stock is Rs 750, he said. He puts the stop loss at Rs 600.
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? जानिए राजेश पालविया के 3 दमदार मिडकैप PICK#ZBizBazaar #MidcapStocks @AnilSinghvi_ @rajeshpalviya pic.twitter.com/crMY4A1uHP
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Top Stocks To Buy: CreditAccess Grameen
The technical analyst picked CreditAccess Grameen as his positional medium term Buy. This stock has seen consolidation on the basis of daily charts. On the basis of weekly charts, this stock has given a breakout of previous swing high. The buying action has been robust with large volumes witnessed. This stock is currently trading around Rs 721. The stock is trading above all its moving averages. He puts the stop loss at Rs 686. The stock should be bought in the range of Rs 710-Rs 726. He puts the target price between Rs 800 and Rs 820.
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Top Stocks To Buy: Relaxo Footwear
As for short term, Palviya picked Relaxo Footwear. This stock is currently trading above its long term moving average. This stock has given a good performance with a good volume action. The stock is currently trading around Rs 667. The target price of this stock is Rs 700-Rs 720. He puts the stop loss at Rs 640. The stock should be bought around Rs 660.