Axis Securities’ Top Picks: Brokerage's targets imply up to 24% gains in 3-4 weeks; do you own these stocks?
Nifty may remain range-bound between 23,500–24,800, says Axis Securities. But these 3 stocks are showing strong breakout potential with 13–24% upside.
Axis Securities spots 3 breakout stocks for near-term gains
Nifty may remain range-bound between 23,500–24,800, says Axis Securities. But these 3 stocks are showing strong breakout potential with 13–24% upside.
Nazara Tech | Game on with up to 17% upside
- Buy between Rs 1,085–1,065 | Target: Rs 1,199–1,245 | Stop loss: Rs 1,013
- Nazara has confirmed breakout from a symmetrical triangle on the weekly chart. A bullish candle, high volumes, and weekly RSI above 50 signal momentum is building up.
BEL | Defensive play with 13.7% upside potential
- Buy between Rs 313–307 | Target: Rs 340–349 | Stop loss: Rs 295
- BEL has bounced back after retesting its breakout zone. A strong RSI trendline and bullish momentum suggest further gains. A good technical pick in a stable sector.
Apollo Micro Systems | Up to 24% upside from breakout
- Buy between Rs 125–121 | Target: Rs 141–150 | Stop loss: Rs 114
- The stock has broken out above its falling channel on the weekly chart. A bullish candle and rising volumes confirm a medium-term uptrend, with 24% return potential.
Nifty outlook | Range-bound with mixed cues
- Expect Nifty to oscillate between 23,500–24,800 in the near term
- Axis Securities notes that while the index may consolidate, select stocks are showing strong independent setups — a classic case for stock-specific action.
Risk management is key | Stick to SLs and timelines
Suggested holding period is 3–4 weeks with strict adherence to stop-loss levels
Axis highlights that while the breakout potential is high, technical trades demand discipline. Enter at recommended levels and book profits or exit as advised.
Strategy snapshot | Ride the breakouts, manage the risk
Apollo Micro, BEL, and Nazara Tech offer a blend of momentum and risk-reward setups
Whether you're a short-term trader or swing investor, these picks offer solid technical setups backed by chart strength and volume confirmation.