Mid-cap Picks With Anil Singhvi: Buy Raymond, Gujarat Gas, CEAT shares, says Himanshu Gupta
Mid-cap Picks With Anil Singhvi: For investors Zee Business Managing Editor Anil Singhvi has been unveiling stocks that have massive potential to generate great returns, week-after-week and month-after-month.
Mid-cap Picks With Anil Singhvi: For investors Zee Business Managing Editor Anil Singhvi has been unveiling stocks that have massive potential to generate great returns, week-after-week and month-after-month. Even during periods of massive volatility, the Market Guru and his hand-picked team of experts has been providing outstanding stock picks with the intention of making the lives of investors that much more easier and at the same time generate outstanding returns. Carrying on further from here, Singhvi asked Himanshu Gupta, Market Strategist on Equities, Commodities and Forex, to suggest his mid-cap stock picks today. Gupta replied by naming Raymond, Gujarat Gas and CEAT.
Speaking on his long-term pick of the day, Himanshu Gupta told Anil Singhvi, "My pick is CEAT Limited. CEAT shares were facing strong resistance at Rs 950-960 levels for the last three months and finally they managed to make a breakout yesterday after a three-month consolidation period. It has made complex inverted head and shoulder shape that explains that the stock is ready for an upside swing for the next 3-4 month. My suggestion to the long-term investors is to buy CEAT shares around Rs 980-Rs 1,000 range maintaining the stop-loss at Rs 980 for a target of Rs 1,150 and Rs 1,220."
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On his positional or mid-term pick of the day, Gupta said, "My pick is Gujarat Gas Limited. Gujarat Gas shares in the months of July and August moved to a life-time high when a majority of the stocks were getting beaten up badly by the COVID-19 pandemic. The stock is ready for an upside swing after consolidation. I suggest stock market investors to buy Gujarat Gas shares at Rs 310 mark maintaining the stop-loss at Rs 290 for the target of Rs 360 in 4-6-week time-horizon."
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Asked about his short-term pick, Gupta said, "My pick of the day is Raymond. Its technical chart is showing C-curve means the stock is poised for an upside rally. If the stock sustains above Rs 290, then one can buy it for 15-20 per cent upside swing in mid-term. i suggest investors to buy Raymond shares at Rs 290 for a target of Rs 330 maintaining the stop-loss at Rs 270."
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