Always the outlook for the broader market remains uncertain, but analysts see stock-specific opportunities across sectors. Depending up on various brokerage recommendations, here are stocks that are expected to log gains over the next three weeks.
Buy Gujarat Fluorochemicals with Target price of Rs 935-980 and Stop loss of Rs 860
On the weekly chart, Gujarat Fluorochemicals has broken out of a triangle pattern neckline placed at Rs 886, triggering resumption of a bullish trend. Moreover, a sustained trade above Rs 892 with healthy volumes can take the stock higher to Rs 935-980 levels.
Buy NIIT Technologies with Target price of Rs 1,300-1,360 and Stop loss of Rs 1,200
On the weekly chart, NIIT TechnologiesNSE 0.57 % has taken support at the 38.2 per cent Fibonacci retracement level and turned upwards suggesting bullishness. On the daily chart, it has broken out of a channel pattern indicating higher levels in the coming trading sessions. The RSI has turned upwards after forming a positive divergence suggesting higher levels in the coming trading sessions. The stock can be sold in the Rs 1,235-1,240 range for targets of Rs 1,300-1,360, keeping a stop loss below Rs 1200.
Buy Bank of Baroda with Target price of Rs 107 and Stop loss of Rs 97
The selling spree is showing several signs of losing steam, and a reversal attempt is in play supported by positive oscillators. “Ideally, this should stretch beyond Rs 115, but a limited upside view with Rs 107 as an objective looks better with a stop loss placed below Rs 97,