Stocks to Buy: Analysts Recommend These 9 Stocks with 6-15% Potential Growth in 3-4 Weeks

Experts have noticed that the Nifty 50 index formed a small bearish candle with a lower shadow on the weekly chart, showing support at lower levels.

According to Axis Securities, if the Nifty 50 crosses and stays above 23,400, it could rise to 23,500-23,800. However, if it falls below 23,000, it might drop to 22,800-22,600.

ADVERTISEMENT

“For this week, we expect Nifty to trade between 23,700 and 22,600 with a positive outlook. The RSI (Relative Strength Index) is moving up, indicating a positive trend,” said Axis Securities.

The outcome of the US Fed meeting on Wednesday is crucial. While the long-term market outlook is good, short-term trends depend on global cues, economic indicators, and potential government policies.

Experts suggest investing in strong stocks both fundamentally and technically. Here are nine stocks recommended by analysts that could rise 6-15% in the next 3-4 weeks:

Axis Securities Recommendations:

1. Tech Mahindra
   • Previous close: ₹1,377.60
   • Buy range: ₹1,350-1,324
   • Target: ₹1,505-1,550
   • Stop loss: ₹1,253
   • Upside: 13%
   • Reason: Breakout above trendline with strong bullish signals.
2. Raymond
   • Previous close: ₹2,471.65
   • Buy range: ₹2,385-2,337
   • Target: ₹2,713-2,830
   • Stop loss: ₹2,185
   • Upside: 15%
   • Reason: Breakout above rounded bottom pattern with high volume.
3. Eris Life Sciences
   • Previous close: ₹994.45
   • Buy range: ₹980-962
   • Target: ₹1,065-1,113
   • Stop loss: ₹925
   • Upside: 12%
   • Reason: Breakout above consolidation zone with strong support.

Recommendations from Jigar S. Patel, Anand Rathi Share and Stock Brokers:

4. Kotak Mahindra Bank
   • Previous close: ₹1,753.70
   • Buy range: ₹1,730-1,760
   • Target: ₹1,850
   • Stop loss: ₹1,690
   • Upside: 6%
   • Reason: Reversal near lower Bollinger band with strong buying signals.
5. UPL
   • Previous close: ₹539.75
   • Buy range: ₹525-545
   • Target: ₹590
   • Stop loss: ₹499
   • Upside: 9%
   • Reason: Breakout above bearish trendline with bullish stochastics.
6. Divi’s Laboratories
   • Previous close: ₹4,524.05
   • Buy range: ₹4,480-4,530
   • Target: ₹5,000
   • Stop loss: ₹4,260
   • Upside: 11%
   • Reason: Surpassing previous peak with bullish stochastic crossover.

Recommendations from Shiju Koothupalakkal, Prabhudas Lilladher:

7. Tata Motors
   • Previous close: ₹970.50
   • Target: ₹1,110
   • Stop loss: ₹917
   • Upside: 14%
   • Reason: Breakout above descending channel with attractive risk-reward.
8. Bharat Electronics (BEL)
   • Previous close: ₹283.20
   • Target: ₹320
   • Stop loss: ₹252
   • Upside: 13%
   • Reason: Strong uptrend with support and positive RSI.
9. Larsen & Toubro (L&T)
   • Previous close: ₹3,532.50
   • Target: ₹3,920
   • Stop loss: ₹3,300
   • Upside: 11%
   • Reason: Recovery above key moving average with positive RSI.

These stocks are recommended based on their strong fundamentals and technical indicators, presenting good buying opportunities for investors.