Top Mid Cap Stocks to Buy with Anil Singhvi: GNFC, Route Mobile and Hindustan Copper are Sacchitanand Uttekar's share recommendations for good returns
The recommendations were made in Special Mid Cap Stock show with Anil Singhvi. Uttekar suggested these stocks from long-term, positional and short-term basis
In conversation with Zee Business Managing Editor Anil Singhvi, market analyst Sacchitanand Uttekar on Tuesday recommended three shares for good returns. The recommendations were made in Special Mid Cap Stock show with Anil Singhvi. Uttekar suggested these stocks from long-term, positional and short-term basis.
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Sacchitanand Uttekar recommended GNFC from long term point of view. Speaking about this share, Uttekar said the stock had done exceptionally well since the breakout was seen in this scrip in March 2021. "Overall structure suggests that this bullish move will continue in this counter and the stock may revisit its life-time high in near term. One should buy GNFC shares for target of Rs 540 in 9 to 12 months. The stoploss should be Rs 335 on a weekly closing basis," said Sacchitanand Uttekar.
Recommending Route Mobile as his positional pick, the market analyst said there is no negative divergence in its strength indicators. It suggests that there should be a secular bull run in this counter for quite some time, he said. "As per the overall structure, a pattern target of around Rs 2680 is visible in this share. One should keep the stoploss around Rs 2060, which is the base of this pattern. This stoploss has to be maintained on weekly closing basis," said Uttekar.
शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म के लिए सच्चितानंद उत्तेकर के 3 बेहतरीन मिडकैप स्टॉक्स
Short- Hindustan Copper
Positional- Route Mobile
— Zee Business (@ZeeBusiness) July 27, 2021
Sacchitanand Uttekar's third stock for short-term view is from metal space. Picking Hindustan Copper, he said long term pattern and metal index suggest that this stock might give a breakout at 2007 swing-highs. Also, monthly structure clearly suggest that this particular counter may unlock 8 to 10 per cent upmove very soon. A swing target of Rs 180 in short term is definitely in the sight, but if someone holds it a little longer it could even achieve Rs 230 to Rs 240 targets. Stoploss should be around Rs 140 for this scrip," added Uttekar
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