Top 10 Stocks Set to Surge 6-14% in the Next Few Weeks, Say Analysts

Indian stock market indices, the Sensex and Nifty 50, have recently hit new record highs, continuing their winning streak for three weeks, ending Friday, August 30. This rally is driven by strong buying from foreign institutional investors (FIIs) and positive global sentiment, boosted by better-than-expected US economic data and hopes of a US Federal Reserve interest rate cut in September.

Market experts expect the upward trend to continue, although resistance levels between 25,350-25,500 could slow down further gains. Amol Athawale, VP-Technical Research at Kotak Securities, noted that the Nifty 50 has formed a bullish pattern on weekly charts, indicating that 25,000 would serve as a key support level for traders. As long as the market stays above this level, the positive trend is likely to continue. However, if the market drops below 25,000, traders may start to exit their long positions.

Despite the positive market sentiment, experts caution that high valuations and global factors could lead to short-term volatility. Investors are advised to consider buying stocks with strong technical indicators for short-term gains. Here are 10 stocks that analysts believe could rise 6-14% in the next two to three weeks:

Radico Khaitan

• Buy Range: ₹1,925-1,945
• Target Price: ₹2,200
• Stop Loss: ₹1,799
• Potential Upside: 13%
  Radico Khaitan recently broke out of a long consolidation range, supported by strong trading volumes and positive technical indicators like the Ichimoku Cloud and Relative Strength Index (RSI). Analysts recommend buying within ₹1,925-1,945, aiming for a target of ₹2,200 with a stop loss at ₹1,799.

Allcargo Logistics

• Buy Range: ₹66-70
• Target Price: ₹80
• Stop Loss: ₹62
• Potential Upside: 14%
  Allcargo Logistics has formed a bullish pattern after hitting a strong support level. Analysts suggest buying at ₹66-70 with a target of ₹80 and a stop loss at ₹62.

Asian Granito India

• Buy Range: ₹87-90
• Target Price: ₹101
• Stop Loss: ₹82
• Potential Upside: 13%
  Asian Granito recently broke out from a downtrend and formed a bullish pattern. With strong buying interest, the stock is expected to rise to ₹101. Analysts recommend buying within ₹87-90 and setting a stop loss at ₹82.

Torrent Power

• Buy Range: ₹1,745-1,750
• Target Price: ₹1,900
• Stop Loss: ₹1,627
• Potential Upside: 9%
  Torrent Power has recently broken out of an ascending triangle pattern, showing signs of a bullish trend. Analysts suggest buying around ₹1,745-1,750 with a target of ₹1,900 and a stop loss at ₹1,627.

Minda Corporation

• Buy Range: ₹565-570
• Target Price: ₹610
• Stop Loss: ₹540
• Potential Upside: 7%
  After a 14% decline, Minda Corporation shares present a buying opportunity, with a potential target of ₹610. Analysts recommend buying between ₹565-570 with a stop loss at ₹540.

Tata Consultancy Services (TCS)

• Buy Price: ₹4,553.75
• Target Prices: ₹4,850, ₹4,900
• Stop Loss: ₹4,390
• Potential Upside: 8%
  TCS is in a long-term uptrend and recently broke out of a consolidation range. Analysts recommend buying at ₹4,553.75 with targets of ₹4,850 and ₹4,900, and a stop loss at ₹4,390.

Eicher Motors

• Buy Price: ₹4,960.5
• Target Prices: ₹5,370, ₹5,425
• Stop Loss: ₹4,730
• Potential Upside: 9%
  Eicher Motors shows a potential breakout from its consolidation range, supported by strong trading volumes. Analysts recommend buying at ₹4,960.5 with targets of ₹5,370 and ₹5,425, and a stop loss at ₹4,730.

United Spirits

• Buy Price: ₹1,474.35
• Target Prices: ₹1,610, ₹1,625
• Stop Loss: ₹1,405
• Potential Upside: 10%
  United Spirits is trending upwards near its record-high levels. Analysts suggest buying at ₹1,474.35 with targets of ₹1,610 and ₹1,625, and a stop loss at ₹1,405.

Chalet Hotels

• Buy Range: ₹820-840
• Target Price: ₹915
• Stop Loss: ₹775
• Potential Upside: 10%
  Chalet Hotels shows a positive trend and is recommended for buying between ₹820-840, aiming for a target of ₹915 with a stop loss at ₹775.

Jindal Stainless

• Buy Range: ₹765-795
• Target Price: ₹840
• Stop Loss: ₹717
• Potential Upside: 6%
  Jindal Stainless has shown signs of a positive trend reversal. Analysts suggest buying between ₹765-795 with a target of ₹840 and a stop loss at ₹717.

These stocks have been selected based on their technical indicators, showing potential for significant short-term gains.