Hot Stocks to Buy: Reliance, Tata Motors, Hero Moto Among 10 Picks That Could Rise 4-15% in Next 2-3 Weeks, Say Analysts

Last week, the Indian stock market saw the Nifty 50 index rise by over 2%, marking the fourth consecutive week of gains. This growth was fueled by strong performances from key companies like Reliance Industries, HDFC Bank, and Mahindra & Mahindra.

The Nifty 50 formed a long bullish candle on the weekly chart and closed above the previous week’s high, suggesting a positive trend.

Key Insights from Axis Securities:

• If Nifty 50 crosses and stays above the 24,200 level, it could climb to the 24,500-24,600 zone.
• If it falls below 23,900, it might drop to the 23,800-23,600 range.
• The Relative Strength Index (RSI) is moving upwards, indicating a positive trend.
• Nifty 50 is expected to trade between 24,600 and 23,600 with a positive bias this week.

Top Stock Picks:

1. Reliance Industries
   • Previous Close: ₹3,130.80
   • Buy Range: ₹3,100-3,038
   • Target: ₹3,240-3,330
   • Stop Loss: ₹2,985
   • Potential Upside: 6%
   • Notes: Breakout above ₹3,035-2,725 consolidation zone, increased volume activity, and positive RSI crossover.
     
2. Solara Active Pharma Sciences
   • Previous Close: ₹544.90
   • Buy Range: ₹525-515
   • Target: ₹600-625
   • Stop Loss: ₹480
   • Potential Upside: 15%
   • Notes: Breakout above rounded bottom pattern, higher high-low pattern, and positive RSI signal.
     
3. Apollo Tyres
   • Previous Close: ₹541.90
   • Buy Range: ₹535-525
   • Target: ₹574-595
   • Stop Loss: ₹508
   • Potential Upside: 10%
   • Notes: Bullish trend with higher highs and lows, breakout at 500 level, and positive RSI crossover.
     
4. Affle (India)
   • Previous Close: ₹1,343.70
   • Buy Range: ₹1,320-1,294
   • Target: ₹1,460-1,500
   • Stop Loss: ₹1,230
   • Potential Upside: 12%
   • Notes: Breakout above symmetrical triangle pattern, increased volume at breakout, and positive RSI signal.
     
5. Nestle India
   • Previous Close: ₹2,551.65
   • Buy Range: ₹2,530-2,555
   • Target: ₹2,650
   • Stop Loss: ₹2,480
   • Potential Upside: 4%
   • Notes: Support at ₹2,500, forming a rounding bottom pattern, and positive RSI bounce.
     
6. SBI Life Insurance Company
   • Previous Close: ₹1,491.95
   • Buy Range: ₹1,475-1,495
   • Target: ₹1,565
   • Stop Loss: ₹1,445
   • Potential Upside: 5%
   • Notes: Breakout from consolidation range, strong support at moving averages, and positive RSI rebound.
     
7. Oil & Natural Gas Corporation (ONGC)
   • Previous Close: ₹274.20
   • Buy Range: ₹272-276
   • Target: ₹300
   • Stop Loss: ₹260
   • Potential Upside: 9%
   • Notes: Reversal from ₹265 support, bullish MACD cross, and positive technical indicators.
     
8. Tata Motors
   • Previous Close: ₹989.75
   • Target: ₹1,110
   • Stop Loss: ₹925
   • Potential Upside: 12%
   • Notes: Positive candle formation after correction, support near ₹947, and positive RSI signal.
     
9. Colgate Palmolive (India)
   • Previous Close: ₹2,843.15
   • Target: ₹3,070
   • Stop Loss: ₹2,720
   • Potential Upside: 8%
   • Notes: Rising trend with strong upward bias, support at 50EMA, and positive RSI reversal.
     
10. Hero MotoCorp
    • Previous Close: ₹5,579.60
    • Target: ₹6,150
    • Stop Loss: ₹5,340
    • Potential Upside: 10%
    • Notes: Higher low formation, support near ₹5,390, and positive RSI signal.