Eicher Motors, M&M among 7 stocks that may beat the Street in 3-4 weeks

Ramco Cements price has been moving up gradually in the last few weeks. After witnessing a minor downward correction last week, the stock price has moved up firmly this week and negated the bearish sentiment. Its sustaining above Rs 1110 could open a sharp up move in the stock price. The volume and weekly 14 period RSI shows positive indication. The stock price is also sustaining above the immediate support of 10 day EMA at Rs 1022 levels. Buying can be initiated at CMP of Rs 1082), added more on dips down to Rs 1035. The price target of Rs 1,190 can be achieved in the next 3-4 weeks. Stop loss is at Rs 1005.

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

The Grindwell Norton stock has been moving up consistently in the last three weeks, after an attempt at a false downside breakout in June. Currently, the stock price is at the edge of an upside breakout at Rs 1330 levels. Previously, the larger range movements have resulted in a sharp uptrend. Hence, a decisive move above Rs 1340 levels could signal a sharp upside for the near term. One may buy Grindwell Norton at the CMP of Rs 1312 and add more on dips down to Rs 1,260. The target price of Rs 1445 can be achieved in the next 3-4 weeks. Stop loss is at Rs 1,225.

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

The Eicher Motors stock has reversed from the support of 200 DMA and there has been a shift in the momentum of the stock. Indicators like MACD and RSI indicating the momentum in the stock are likely to continue. We recommend a buy on Eicher Motors with a target price of Rs 3050 and a stop Loss of Rs 2,380.

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

M&M is currently trading near the lower band of an ascending channel. It has been trading near 200 DMA. A reversal in the stock is expected from the support. Momentum is expected to continue in the stock. We recommend a buy above 805 with a target price of Rs 930 and a stop loss of Rs 650 for a medium-term perspective.

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

DMart has broken its all-time high recently. The stock has picked up momentum since then. MACD and RSI indicate that the momentum in the stock is likely to continue. We recommend a buy on DMART with a target price of Rs 3,890 and a stop loss of Rs 2,990.

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

Wockhardt Pharma is showing a pattern of higher highs and higher lows on the weekly time frame. After reaching a high of Rs 802 in May 2021, the stock price declined to Rs 530. This is a classic price taking support at a previous resistance zone. On the daily time frame, MACD shows a series of green candles at the support zone. The decline in the stock is a great place for a good quality risk reward trade. Expect prices to rally to Rs 680 and above that to 820 over next 6-8 weeks. Keep a stop loss below Rs 500.

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

Indiabulls Real Estate is on the verge of a historical breakout. On the weekly time frame, the stock price has faced resistance at Rs 124-126 zone for a long period and this zone has been tested three times in the past and the rule is that price should go through the fourth time the zone is tested. On a daily time frame, price action shows a bullish cup and handle pattern. This is a bullish continuation pattern. Once price breaks above Rs 125, it opens the possibility of a rally to Rs 160 and above that to Rs 180. Buy this stock for a rally. Hold with at least a 6-8 week view and keep a stop below 110.


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