Rajesh Palviya, Head of Technical & Derivatives Research at Axis Securities, shared his top three stock recommendations for the upcoming week. Here’s what he suggests for investors:
- Coal India
Palviya sees Coal India as a strong buy after the stock found support around the ₹480 zone. It has now moved back above key moving averages, signaling a bullish reversal. He predicts a target of ₹535 and recommends placing a stop loss at ₹506. - Siemens
Siemens has broken out of a three-week consolidation phase and is showing upward momentum. If the stock sustains above ₹7300, Palviya expects further gains with a target of ₹7550. He advises a stop loss at ₹7200. - GAIL (Gas Authority of India Limited)
GAIL has performed well recently and is now approaching its previous swing highs. Palviya forecasts a target of ₹248, with a stop loss set at ₹230 for this trade.
According to Palviya, the overall market remains bullish, and he recommends using any minor dips as buying opportunities, especially in sectors like capital goods and energy.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
