6 stocks recommended by experts showing potential for 6-16%

Are you feeling uncertain about the current state of the Indian stock market? With the Nifty 50 falling over a percent in intraday trade and strong volatility persisting, it's crucial to navigate these waters carefully. As experts predict continued volatility due to foreign capital outflow and impending election results, it’s time to look for opportunities in the market.

Stocks to Buy

Based on the recommendations of market experts, here are 6 stocks that have the potential to rise between 6-16% in the next 3-4 weeks. These stocks exhibit strong technical indicators and compelling patterns that suggest an upward trend in the near future.

(1)Hero MotoCorp

• Previous Close: ₹4,877.40

• Buying Range: ₹4,800-4,704

• Target Price: ₹5,256-5,500

• Stop Loss: ₹4,500

• Upside Potential: 13%

Hero MotoCorp has shown a breakout above a medium-term falling channel pattern, indicating an uptrend. With the weekly strength indicator RSI moving upwards, this stock presents a compelling buying opportunity.

(2)Godrej Consumer Products

• Previous Close: ₹1,320.95

• Buying Range: ₹1,300-1,274

• Target Price: ₹1,381-1,400

• Stop Loss: ₹1,240

• Upside Potential: 6%

Godrej Consumer Products has broken out of a consolidation zone, showcasing upward momentum. The stock is currently trending within a rising channel, providing a positive outlook for potential gains.

(3)Zomato

• Previous Close: ₹201.30

• Buying Range: ₹200-196

• Target Price: ₹229-234

• Stop Loss: ₹188

• Upside Potential: 16%

Zomato’s breakout above a consolidation zone and bullish trend on the weekly chart make it an attractive option for investors looking for significant upside potential. The stock’s strong technical indicators signal a positive bias for the future.

(4)Kirloskar Electric Company

• Previous Close: ₹173.70

• Buying Range: ₹165-161

• Target Price: ₹188-194

• Stop Loss: ₹151

• Upside Potential: 12%

With a breakout above a rounded bottom pattern and holding above key moving averages, Kirloskar Electric Company is poised for an uptrend. The stock’s positive indicators suggest a promising outlook for potential gains.

(5)Titan Company

• Previous Close: ₹3,289.85

• Buying Range: ₹3,300-3,250

• Target Price: ₹3,500

• Stop Loss: ₹3,165

• Upside Potential: 6%

Jigar s Patel from Anand Rathi highlights a significant downturn in Titan Company’s stock, indicating a potential reversal near a key support zone. The RSI pattern further strengthens the case for a bullish movement in the stock.

(6)Hindustan Aeronautics (HAL)

• Previous Close: ₹3,872.90

• Buying Range: ₹3,825-3,875

• Target Price: ₹4,100

• Stop Loss: ₹3,688

• Upside Potential: 6%

HAL’s bullish engulfing candlestick pattern and hidden bull divergence in the daily stochastic oscillator hint at an upcoming upward momentum in the stock. These technical signals support a positive outlook for HAL in the near term.

In conclusion, amidst market volatility and uncertainty, these 6 stocks present lucrative opportunities for investors seeking short-term gains. By carefully analyzing technical indicators and expert recommendations, investors can make informed decisions to navigate the current market landscape effectively. As always, it’s essential to conduct thorough research and consult with financial advisors before making investment decisions. Happy investing!