Synopsis: The article suggests nine stocks for potential growth amid market volatility. Despite a downturn in the Nifty 50, Axis Securities predicts mixed trading. Recommended stocks include Whirlpool of India, Nippon Life India Asset Management, Repco Home Finance, SBI Cards and Payment Services, Hikal, Navin Fluorine International, Chalet Hotels, Kalpataru Projects International, and Century Textiles & Industries. Each stock is analyzed based on technical indicators.
Last week, the Nifty 50 faced a 2% dip amid geopolitical tensions, uninspiring Q4 results, and dim rate cut prospects. The market outlook remains uncertain, with experts foreseeing volatility. Axis Securities predicts a range-bound Nifty 50 between 22,600-21,750 this week. If Nifty 50 surpasses 22,300, it may rally to 22,500-22,600; conversely, a dip below 22,000 could lead to 21,850-21,750 levels, Axis Securities suggests. The weekly RSI indicates a downward trend, signaling short-term negativity. Amidst this caution, analysts recommend quality stocks with sound fundamentals and technical indicators.
Here are nine stocks experts suggest for the next three to four weeks:
Whirlpool of India: Strong bullish breakout signals a positive trend, with the stock holding above key moving averages.
Nippon Life India Asset Management: Breakout above consolidation zone indicates medium-term uptrend continuation.
Repco Home Finance: Breakout above consolidation zone suggests uptrend continuation, supported by upper Bollinger band.
SBI Cards and Payment Services: Stable support base formation around ₹675 level, bullish alternate pattern emerges.
Hikal: Significant breakthrough as stock surpasses multi-year bearish trend line, maintaining upward momentum.
Navin Fluorine International: Double top formation reversal near ₹3,000 support, bullish crab pattern suggests trend reversal.
Chalet Hotels: Positive bullish candle formation post-consolidation, RSI signals buy opportunity.
Kalpataru Projects International: Steady rise with strong uptrend maintained, RSI well-placed for further positive movement.
Century Textiles & Industries: Maintains strong uptrend post-breakout, RSI indicates further positive move ahead.
Disclaimer: The investment views and recommendations provided above are solely those of individual analysts and brokerage firms and do not represent the opinions or endorsements of the publisher. Investors are urged to conduct their own research and consult with certified financial advisors before making any investment decisions. The accuracy and reliability of the information cannot be guaranteed, and investments in financial markets carry inherent risks.
