Mid-Cap Picks with Anil Singhvi: Kalpataru Power, DCB Bank and Finolex cables are stocks to buy, says Manas Jaiswal
Special Mid-cap Picks show: Kalpataru Power, DCB Bank and Finolex cables are long-term, positional and short-term picked by Manas Jaiswal
Market expert Manas Jaiswal SEBI Registered Research Analyst while talking to Zee Business Managing Editor Anil Singhvi on the Special Mid-cap Picks show recommended Kalpataru Power, DCB Bank and Finolex cables as his long-term, positional and short-term picks. Notably, markets closed in red today with Nifty down 197 points at 12858 level while Sensex closed 695 points down at 43838 levels.
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? मार्केट एनालिस्ट मानस जायसवाल से जानिए उनकी 3 दमदार मिडकैप PICK#ZBizBazaar #MidcapStocks @AnilSinghvi_ @themanasjaiswal pic.twitter.com/kRIA32aZLf
— Zee Business (@ZeeBusiness) November 25, 2020
Long term mid cap pick: Kalpataru power
In power sector, charts of many stocks in this space are showing reversal pattern. Inverse head and shoulder pattern is being formed here, stock is trading above 200 day moving average and higher top and higher bottoms is visible on this stock. The most important thing to notice is that key resistance level of Rs 311 is being broken today which indicates stock is ready for further upmove from here on. Investors should buy into this stock with stop loss of Rs 274 and target of Rs 400. The target can be achieved within the time frame of next 3 to 4 months.
Positional mid cap Pick: DCB Bank
The stock had made low of Rs 60 in the month of June and then has recovered extremely swiftly trading over Rs 100 now. DCB Bank has broken its 200-day moving average today, looking at the weekly charts an inverse head and shoulder pattern is being formed here. Quarterly chart also indicates a reversal pattern over here. Investors should buy this stock for 2 to 3 weeks positionally, this stock should achieve target of Rs 125 with stop loss of Rs 94. DCB Bank can see levels of Rs 160 if investor can hold for few months from here.
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Short Term mid cap pick: Finolex Cables
The stock has been trading in range of Rs 250 – Rs 300 since past 4 months. The stock was facing hurdle near its 200-day moving average, however, today the stock has broken its 200 days exponential moving average. The stock will make a decent upmove from here. Investors should buy this stock with target of Rs 345 and stop loss of Rs 290.
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