Mid-cap Picks with Anil Singhvi: Check out Manas Jaiswal’s 3 top money-making recommendations
In today's Special Mid-cap Stocks show, technical analyst Manas Jaiswal recommended 3 stocks to buy and revealed to Zee Business Managing Editor Anil Singhvi reasons why they will earn bumper returns - these are with a long term, positional medium term and short term views
In today's Special Mid-cap Stocks show, technical analyst Manas Jaiswal recommended 3 stocks to buy and revealed to Zee Business Managing Editor Anil Singhvi reasons why they will earn bumper returns - these are with a long term, positional medium term and short term views.
Top Stocks To Buy – Varun Beverages:
Jaiswal recommended Varun Beverages as his top Buy with a long term view. Recently, this stock made a bottom of Rs 500 and since then it has been consistently making higher tops and higher bottoms. This stock broke its 200-day moving average last month and has seen consolidation since then. But today’s movement was a breakout movement. Varun Beverages has broken a very critical Rs 740 resistance level and is now ready for an more. The stock is currently trading around Rs 744. It can achieve a target price of Rs 860 in the next 2-3 months. The stop loss is Rs 690. It should be accumulated at current levels, he said
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Top Stocks To Buy - Avenue Supermart:
This technical analyst recommended Avenue Supermart as his positional medium term pick. He said that the stock has gone through a two-month correction period. It has taken support around the 200-day moving average. The stock is currently trading around Rs 2168. This stock on Monday gave a higher top and higher bottom, which indicates a reversal of fortunes for it. This stock is listed as DMart on NSE. It has the potential to give an upward move between Rs 250- Rs 300. He puts the stop loss at Rs 2060 while the target price of Rs 2400. This is the view for next two weeks, he said.
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Top Stocks To Buy - Aegis Logistics:
As for short term pick, Jaiswal picked a mid cap stock from the logistics sector. He said that Aegis Logistics has seen a strong consolidation. It has been trading upwards of Rs 200 from the past two months. It had a strong support around Rs 175. But today, it has given a clear breakout with better volumes. The stocks should be bought at the current levels of Rs 206. The target price is Rs 235. It can achieve these levels in the next 3-5 sessions. He puts the stop loss at Rs 194.
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