In a chat with Zee Business Managing Editor Anil Singhvi today, market expert Jay Thakkar recommended his top three mid-cap stock picks for investors to buy, which have great potential to earn bumper returns. These stocks were recommended with long-term, positional medium-term, and short-term views. Know why this analyst suggested these shares:-

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For the long-term category, Thakkar picked Schneider Electric Infrastructure Ltd. “This stock is currently trading at around 125. However, there are 2-3 technical things that I want to highlight. And due to that, it can be considered for long-term stocks,” Thakkar added.

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First, if you will notice the last two quarters' volumes then you will see that they are extremely robust. From the time the stock has been listed, these volumes are surprising. That is the reason, we can see clearly that from the lower levels a good buying interest here, he said.  

Second, from 2015 to 2020 bottom, we can witness a bear market in these 5-6 years. The stock performed well from the volume channel and is now trading in positive territory, he added.

Third, all indicators from monthly charts to daily charts have given a by-crossover. This shows that the bull is at the upper end from here on.  I feel from the monthly charts on this stock, we are witnessing higher tops and higher bottoms, this clearly a sign of long-term open, Thakkar further added. 

“On these three parameters, I feel Schneider Electric will go up to 125-185 levels.  Stop loss will be 95, Target for Rs 60,” he said. 

In the positional category, I would prefer India Mart. The stock is trading at 7,125. It has been corrected well at the higher level. I feel this stock should be purchased. Short-term indicators are also good. On the upside, I can see nearly 9,200. From here, there is an upside of 2000-2100 points and a downside stop-loss is Rs 6,500. It has a 1:3 risk-reward here.  

In the short-term category, I can see Graphite India. It is trading on 673. Put a stop loss on 635. There is a risk of 38-40 points. The upper targets 753. There is an upside of 80 points. So clearly there is a risk-reward of 1:3. Why I chose this for the short term? This is clearly forming an ascending triangular pattern, which is a bullish reversal battle. The conservative targets are 753, and if I see the aggressive target, then it might cross 800.  Short-term indicators are clearly favouring the bull.