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Stocks to Buy: Titan, GAIL, Concor Among 10 Stocks Poised for Gains of 4-19% in the Next 3-4 Weeks

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By SK_INSIGHTMEDIA

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Titan, GAIL, and Concor poised for gains of 4-19% in the next 3-4 weeks. Learn about key market trends and expert recommendations to make informed investment decisions.

Introduction

The Indian stock market has seen fluctuations recently, driven by global economic cues and the anticipation of potential interest rate adjustments by the Federal Reserve. On Tuesday, May 21, the Sensex and Nifty 50 experienced negative trading, reflecting these uncertainties. Despite this, certain stocks show strong technical indicators and are predicted to rise significantly in the coming weeks. Here, we highlight 10 such stocks recommended by market experts.

Market Overview

The benchmark indices, Sensex and Nifty 50, have been impacted by weak global signals. The upcoming release of the Federal Reserve’s latest policy meeting minutes is highly anticipated, as it may provide insights into potential interest rate cuts.

Axis Securities predicts that the Nifty 50 will trade between 23,000 and 22,000 this week, indicating a mixed bias. Their analysis of the Relative Strength Index (RSI) suggests a lack of momentum on either side. According to their forecast, if Nifty 50 sustains above 22,600, it could rise towards 22,800-23,000 levels. Conversely, if it falls below 22,350, a decline towards 22,200-22,000 levels is expected.

Stocks to Watch

Based on expert recommendations, here are 10 stocks that could see gains of 4-19% in the next 3-4 weeks:

1. Container Corporation of India (Concor)

  • Last Traded Price (LTP): ₹1,100.90
  • Buying Range: ₹1,080-1,060
  • Target Price: ₹1,215-1,268
  • Stop Loss: ₹998
  • Upside Potential: 15%

Concor has demonstrated a breakout above the consolidation zone between ₹1,007 and ₹818 on the weekly chart, suggesting an uptrend continuation. The RSI crossover above its reference line indicates a buy signal.

2. BF Utilities

  • LTP: ₹926.50
  • Buying Range: ₹915-897
  • Target Price: ₹1,028-1,085
  • Stop Loss: ₹845
  • Upside Potential: 17%

BF Utilities has broken out above a symmetrical triangular pattern at ₹900, supported by increased volume activity at the breakout point. The RSI crossover supports a bullish outlook.

3. GAIL

  • LTP: ₹208
  • Buying Range: ₹205-200
  • Target Price: ₹232-248
  • Stop Loss: ₹192
  • Upside Potential: 19%

GAIL has broken above a downward-sloping trendline, indicating a positive bias. The stock remains above key moving averages, signaling an uptrend in the short and medium term. The daily RSI supports this bullish stance.

4. Indian Energy Exchange (IEX)

  • LTP: ₹158.35
  • Buying Range: ₹155-151
  • Target Price: ₹175-182
  • Stop Loss: ₹142
  • Upside Potential: 15%

IEX has formed a “piercing line” candlestick pattern on the weekly chart, indicating a potential reversal. The stock remains above key moving averages, with the weekly RSI generating a buy signal.

5. Titan Company

  • LTP: ₹3,362.55
  • Buying Range: ₹3,330-3,365
  • Target Price: ₹3,600
  • Stop Loss: ₹3,235
  • Upside Potential: 7%

Titan exhibits a bullish AB=CD Pattern near the ₹3,200-3,250 zone, indicating a potential reversal. The RSI pattern also suggests robust potential for upward movement.

6. Shriram Finance

  • Previous Close: ₹2,370.45
  • Buying Range: ₹2,345-2,365
  • Target Price: ₹2,460
  • Stop Loss: ₹2,300
  • Upside Potential: 4%

Shriram Finance’s recent long-legged Doji candlestick pattern and double-bottom structure indicate a potential reversal. The bullish divergence in the daily stochastic indicator further supports this outlook.

7. Jubilant Foodworks

  • LTP: ₹469.40
  • Buying Range: ₹470-475
  • Target Price: ₹526
  • Stop Loss: ₹445
  • Upside Potential: 12%

Jubilant Foodworks shows a bull divergence on the daily MACD indicator and has breached a bearish trend line, indicating a potential shift to bullish trends.

8. NHPC

  • LTP: ₹97.90
  • Target Price: ₹116
  • Stop Loss: ₹92
  • Upside Potential: 18%

NHPC is in a rising trend, maintaining support near ₹92. The RSI is well-placed, suggesting significant upside potential with strong volume participation.

9. GMR Airports Infrastructure

  • LTP: ₹86
  • Target Price: ₹99
  • Stop Loss: ₹82
  • Upside Potential: 15%

GMR Airports Infrastructure has shown a positive trend, breaking past the 50 EMA level of ₹83. The RSI indicates strength, supporting further upward movement.

10. Nippon Life India Asset Management

  • LTP: ₹592.95
  • Target Price: ₹670
  • Stop Loss: ₹555
  • Upside Potential: 13%

Nippon Life India Asset Management has formed a higher low on the daily chart, with the RSI indicating a trend reversal and a potential continuation of the uptrend.

ALSO READ: VODAFONE IDEA’S SURPRISING STOCK PERFORMANCE DESPITE WIDENING Q4 LOSSES

Conclusion

The Indian stock market’s current volatility requires careful selection of stocks based on strong technical indicators. The above-mentioned stocks have demonstrated positive trends and signals that suggest potential gains in the coming weeks. Investors should consider these stocks while also being mindful of market conditions and individual risk tolerance.

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