10 stocks that analysts recommend for solid near-term returns

The stock has been trading above its 200-day moving average, indicating a positive outlook. The momentum is expected to continue as it has bounced back from the 55-day simple moving average. A 'buy' is recommended for a medium-term target of Rs 710 with a stop loss at Rs 575.


(Ashis Biswas, Head of Technical Research, CapitalVia Global Research)

The stock price has formed a bullish rectangle pattern with good volume and range, suggesting that the existing trend is likely to continue. Laurus has outperformed its peers on the weekly chart, and could be in for a rally to Rs 470 and then Rs 520 in the next 6-8 weeks. A 'buy' is recommended on any short-term decline towards Rs 380-385 with a stop loss below Rs 345.


(Manish Shah, Trader, Researcher and Trading Coach, Nifty Triggers)

The stock has formed a classic breakout pullback pattern with no significant resistance in the immediate vicinity, with a substantially bullish risk-reward ratio. The price is expected to rally to Rs 125 and then Rs 140 over the next 6-8 weeks. Gujarat Pipav Ports is a big infra play. A 'buy' is recommended for a target price of Rs 125, and then Rs 140, with a stop loss below Rs 90.


(Manish Shah, Trader, Researcher and Trading Coach, Nifty Triggers)

Tata Consultancy Services looks attractive among large cap IT stocks, having rebounded steadily from strong support at its 50-day exponential moving average since May 2020. Momentum indicator RSI has sent out a 'buy' signal on the stock, validating a positive bias. The stock is expected to continue with its positive momentum and head towards Rs 3,440 in the coming weeks. A stop loss is recommended at Rs 3,090 on a closing basis.


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

Glenmark Pharma looks attractive from the pharma space, which has undergone secondary correction following its relative outperformance in 2020. The stock appears to be at the cusp of a breakout, and is expected to resume its upmove to head towards Rs 504. Investors are advised to maintain a stop loss at Rs 464 on a closing basis.


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

The recent downtrend appears to have ended in the stock, which is attempting to stage an upside breakout at its crucial resistance at Rs 535 levels. Investors may look to buy Bharti Airtel at the current price and add on dips to Rs 510 for a target of Rs 585 in the next 3-4 weeks with a stop loss at Rs 498.


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

The PSU stock appears to have completed a sharp downturn, as indicated on the weekly charts. It has held above a crucial support level of Rs 110, with buying emerging since last week. One may take a long position at the current price, and add on dips to Rs 110, for a target of Rs 127 in the next 3-4 weeks with a stop loss at Rs 106.


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

After hitting an all-time high, the stock has gained momentum, and indicators MACD and RSI are hinting that the momentum is likely to continue. A 'buy' is recommended for a target price of Rs 3,450 with a stop loss at Rs 2,700.

(Ashis Biswas, Head of Technical Research, CapitalVia Global Research)

The stock is showing a shift in momentum after reversing from the support at its 200-day moving average. Technical indicators MACD and RSI are suggesting that the momentum is likely to continue. A 'buy' is recommended for a target price of Rs 4,130 with a stop loss at Rs 3,270.

(Ashis Biswas, Head of Technical Research, CapitalVia Global Research)

The stock appears to be in a steady uptrend after forming higher peaks and higher troughs on all charts. Structurally, the stock has witnessed a faster retracement of its last falling segment, signalling a robust price structure. Momentum indicator MACD has sent out a 'buy' signal on the stock, validates its positive bias. Graphite is expected to head towards Rs 585 in the coming weeks. A stop loss at Rs 512 is advised on a closing basis.

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

[Image source: Graphiteindia.com]