Mid-Cap Picks with Anil Singhvi: JB Chemicals, Jindal Saw and KEC International are stocks to buy
In the 'Special Mid-Cap Stocks Show' on Monday, Zee Business Managing Editor Anil Singhvi spoke to market analyst Rajesh Palviya and sought his stock picks that could generate good returns for investors.
In the 'Special Mid-Cap Stocks Show' on Monday, Zee Business Managing Editor Anil Singhvi spoke to market analyst Rajesh Palviya and sought his stock picks that could generate good returns for investors. Palviya recommended three stocks with long-term, positional and short-term horizon.
See Zee Business Live TV Streaming Below:
Long-term Stock Pick: The market analyst selected his long-term pick from chemical sector—JB Chemicals. He said the stock forms a higher top and higher bottom pattern on daily chart and it has also made rounding bottom on weekly chart. We have also seen breakout in JB Chemicals share in the last week. Current chart patterns suggest that the stock should show good upward movement in the long-term from its current market price of Rs 1215. His target for JB Chemicals scrip would be Rs 1340 to Rs 1360. If there is any corrective action is seen in this counter, it should be taken as an opportunity to accumulate with stop-loss of Rs 1155.
निवेश शॉर्ट टर्म का हो या पोजीशनल या हो लॉन्ग टर्म का...इन मिडेकैप शेयरों में मुनाफा होगा पक्का...
— Zee Business (@ZeeBusiness) March 8, 2021
Positional Stock Pick: Talking about his positional pick, he said Jindal Saw has witnessed good uptrend in the last 7, 8 trading session after corrective measure. The current chart pattern suggest that Jindal Saw share will try to achieve Rs 110 to 115 on positional basis. It should be added when there is corrective action above Rs 81. The market analyst put a stop-loss for Jindal Saw share around Rs 75.
Short-term Stock Pick: Palviya picked KEC International Ltd as his short-term pick. He said the stock has recently crossed all-time high of 2018. The market analyst said the way this stock is witnessing consistent buy moves at its all-time high, it should be even bought at these levels for short-term gains. KEC International can achieve a target of Rs 520 to Rs 530 on short term basis. He suggested to put a stop-loss around Rs 455.
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