Mid-cap Picks With Anil Singhvi: Adani Green Energy, ABB India, Aptech are Simi Bhaumik recommendations today

Market analyst Simi Bhaumik today recommended three mid-cap stocks for investors to buy to generate high returns. In today’s edition of Special Mid Cap stocks show with Zee Business Managing Editor Anil Singhvi, Bhaumik picked stocks with long term, positional medium term and long term view. These are Adani Green Energy, ABB India, Aptech. (#SPLMidcapStocks)  

Mid-cap Picks With Anil Singhvi: Adani Green Energy, ABB India, Aptech are Simi Bhaumik recommendations today
Bhaumik picked stocks with long term, positional medium term and long term view. These are Adani Green Energy, ABB India, Aptech. (#SPLMidcapStocks): Zee Business
Reported By: ZeeBiz WebTeam
Written By: Rahul Kamdar
Edited By: Harish Dugh
Updated: Wed, Jan 20, 2021
02:51 pm
Mumbai, ZeeBiz WebDesk
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Market analyst Simi Bhaumik today recommended three mid-cap stocks for investors to buy to generate high returns. In today’s edition of Special Mid Cap stocks show with Zee Business Managing Editor Anil Singhvi, Bhaumik picked stocks with long term, positional medium term and long term view. These are Adani Green Energy, ABB India, Aptech. (#SPLMidcapStocks)
 
Long Term Pick: Adani Green Energy

Adani Green Energy stock is trading near its long term support zone. Once the stock went below its 50 dma of Rs 985, however, the stock is holding its 100 day exponential moving average. Adani Green Energy stock has formed a strong bottom base around Rs 900 – Rs 920. After double bottom formation on this stock, it can give a breakout after crossing Rs 1016 levels. The stock is showing good momentum in today’s trade. Adani Green Energy target price is Rs 1130 – Rs 1150 and the hold period on the stock would be 3 to 6 months. The stock can run up further than the targets. The stop loss on Adani Green Energy stock is Rs 920 on a closing basis. The stock can move to levels of 52 week high of Rs 1220.

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Positional Pick: ABB India

ABB India stock witnessed good momentum in yesterday’s trading session. In today’s trade the stock is sluggish but seems it is ready to perform now if given some time. ABB India stock should be bought at current levels of Rs 1375 with stop loss of Rs 1340 and target of Rs 1480 – Rs 1500. The hold period for ABB India stock will be 1 month.   

Short Term Pick: Aptech

Aptech is currently trading around Rs 175, the chart on the stock is extremely good. The stock made a high of Rs 191, a few sessions ago. Aptech stock should be purchased with stop loss of Rs 165 and target of Rs 188 – Rs 191. If the previous highs of Rs 191 is crossed then the stock can move towards Rs 205 – Rs 210.
 

 

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