12 stocks that analysts say can deliver handsome returns in few weeks

The stock has recently generated a breakout above the last 14 week's range of Rs 565-Rs 452, signalling a continuation of the up move. It witnessed a faster retracement of the last falling segment as the decline in nine weeks (from Rs 565 to Rs 452) was completely retraced in the next five weeks. A faster retracement in half the time interval signals a robust price structure. The weekly MACD chart has also recently generated a buy signal, thus supporting the positive bias. The analyst expects the stock to head towards Rs 625 in the coming weeks as it is the 161.8 per cent external retracement of the entire previous decline (Rs 565-Rs 452). He recommends a stop loss at Rs 548 on a closing basis.

(Analyst: Dharmesh Shah, Head - Technical, ICICI direct)

In the last seven months, the share price of Dabur India formed a base in the range of (Rs 525-Rs 422). During the entire consolidation period, the stock has rebounded, taking support at the rising 52-week EMA. The rising demand line joining lows since March 2018 (Rs 312), signals strength and positive price structure. The analyst believes that the current consolidation phase is approaching maturity and the stock is likely to resume fresh up move and head towards Rs 553 in the coming weeks. A stop loss is suggested at Rs 489 on a closing basis.

(Analyst: Dharmesh Shah, Head - Technical, ICICI direct)

Since bottoming out at Rs 351 in October, the stock has been trading within a well-defined rising channel and has recently rebounded, taking support at the lower band of the channel. The 100-day EMA signals resumption of up move after four weeks. Structurally, the stock has already taken 4 weeks to retrace just 61.8% of the previous 2 weeks up move from Rs 372 to Rs 419. A slower retracement signals higher base formation and a robust price structure. The analyst expects the stock to continue its up move and head towards Rs 445 as it is the 80% retracement of the previous major decline. Maintain a stop loss at Rs 380 on a closing basis.

(Analyst: Dharmesh Shah, Head - Technical, ICICI direct)

The stock is trading above the 200 day-EMA, which indicates a positive outlook. Trent is currently moving in an uptrend channel and has rebounded from the support level. Therefore, the analyst has set a target of Rs 815-825 on the stock from a medium-term perspective. He recommends buying with a stop loss at Rs 665.

(Analyst: Ashis Biswas, Head of Technical Research, CapitalVia Global Research Limited)

The stock is currently moving in an uptrend channel and has rebounded from the support level. Long term moving averages like 50-and 200 day-DMA and the short term 5-and 20 day-DMA are signaling an uptrend in the stock movement. The analyst recommends a buy with a target price of Rs 5,310-5,320 with a stop loss at Rs 4,940.

(Analyst: Ashis Biswas, Head of Technical Research, CapitalVia Global Research Limited)

The stock has reversed from its 200 day-DMA and has currently formed a cup and handle pattern. The analyst expects a breakout above the level of Rs 125, and so he recommends a buy on Bharat Electronics with a target price of Rs 165-170 and a stop loss at Rs 85 for the medium-term.

(Analyst: Ashis Biswas, Head of Technical Research, CapitalVia Global Research Limited)

On the weekly time frame chart, Bharti Airtel is bound within a trading range of Rs 400 on the lower side to Rs 600 on the higher side. This gives intermediate term investors a great play within this wide trading range. The price has bounced up from the lows of Rs 400 and it is moving in a pattern of higher highs and higher lows. If the range bound action continues, the price should see a rally towards Rs 600 as this is the cyclical tendency of the stock. The weekly MACD has turned positive and on the daily time frame, the price is just touching the 200-period moving average. In the last 5-6 trading sessions, prices are in a tight range, giving the possibility of a flag pattern. This counter has seen positive news flow of increase in ARPU and subscriber base. The analyst recommends a buy around Rs 503-Rs 490, with a stop loss at Rs 465 for a rally towards Rs 560 and above that to Rs 600 in the next 4-6 weeks.

(Analyst: Manish Shah, Researcher, www.Niftytriggers.com)

On the weekly time frame, the scrip is showing major signs of a trend reversal. The price has broken out of a huge 18- month-old head and shoulder pattern, and this signals a long term reversal. The price has crossed above its weekly 200-period average, signaling an end to the entire April 2018-March 2018 decline. A pattern of higher highs and higher lows on the weekly and a crossover of 20-period average above the 50-period signals a major shift in trend from down to up. The analyst recommends traders to buy the stock between Rs 55-52 with a stop below Rs 45 for an upside target of Rs 70 and above that to Rs 82. Hold this stock for 6-8 weeks.

(Analyst: Manish Shah, Researcher, www.Niftytriggers.com)

After showing a gradual up move in the last few weeks, the stock has witnessed a sharp up move this week and closed higher on the weekly timeframe chart. The stock is now at the edge of an upside breakout of the long term downtrend line of around Rs 231-232. Volumes have started to pick up, along with an up move in the stock price and weekly RSI moved just above 60 level. This is a positive indication and this action signals more upside for the stock ahead. Therefore, the analyst says one can buy ZEEL for a target of Rs 254 in the next 3-4 weeks. Place a stop loss at Rs 214.

(Analyst: Nagaraj Shetti, Technical Research Analyst, HDFC Securities)

The stock was moving in a sideways range over the last many sessions. Recently, the stock has witnessed a sharp upside breakout of the range movement as well as the resistance of down trend line around Rs 2,720 level and closed higher. This pattern could be considered as an important breakout of the crucial resistance and one may expect continuation of upside momentum in the stock price ahead. Volume and RSI patterns on daily time frame charts indicate more upside in the stock going ahead. The analyst has a target of Rs 3,030 for the next 3-4 weeks. Place a stop loss at Rs 2,565.

(Analyst: Nagaraj Shetti, Technical Research Analyst, HDFC Securities)

After a mesmerizing move from the March swing low of Rs 371 to the recent high of Rs 906, the last couple of months have been more of a consolidation for HCL Tech. After gyrating within a range of Rs 810 to Rs 870 on the daily chart, the stock has finally broken the range on the upside, confirming a ‘Rectangular Channel’ breakout. This breakout can be taken as a continuation pattern and is supported with good increasing volume. Prices are now well above all key moving averages, indicating overall bullishness on the counter. Looking at all the above parameters, the analyst senses a continuation of outperformance by this counter and recommends a buy at current levels for a target of Rs 930 over the next 14 sessions. He suggests a stop loss at Rs 866.

(Analyst: Sameet Chavan, Chief Analyst, Technical and Derivatives, Angel Broking)

On the daily chart, the stock has confirmed a bullish pattern breakout, known as 'cup and handle’. The pattern also marks the formation of a higher top and higher bottom. Prices are well placed above the key moving averages and momentum oscillators are also placed in the positive zone. In addition, +DI is placed above –DI and ADX line is placed around 38, indicating that the strong grip of bulls. With all this technical evidence, the analyst recommends a buy on this counter for a target of Rs 249 over the next 14 sessions. He suggests a stop loss at Rs 214.

(Analyst: Sameet Chavan, Chief Analyst, Technical and Derivatives, Angel Broking)