On show with Anil Singhvi, Jay Thakkar picks Finolex, Bajaj Electricals, Bank of India as top 3 stocks to buy

Market expert Jay Thakkar of Anand Rathi Securities today recommended his top three mid cap stock picks for investors to buy, which he said have great potential to earn bumper returns. Know which stocks this technical analyst suggested while speaking to Zee Business Managing Editor Anil Singhvi. 

Top Stocks To Buy: Finolex Industries 

Thakkar picked Finolex Industres with a long term view. This stock is currently trading around Rs 516. It has seen a breakout from the rounding bottom pattern. It is trading above its 50-day and 200-day moving average. The quarterly charts suggest that it has already seen a fourth wave of consolidation and is now in its fifth wave. This analyst suggested two target prices for this stocks – the initial target price is at Rs 660 and the second is Rs 720. The stop loss is Rs 480.

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#SPLMidcapStocks | जानिए जय ठक्कर ने आज किन 3 मिडकैप स्टॉक्स को चुना शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में आपके शानदार मुनाफे के लिए?#Midcap #MidcapStocks @AnilSinghvi_ @JayThakkar22 pic.twitter.com/92Uv4l4evP

— Zee Business (@ZeeBusiness) August 28, 2020

Top Stocks To Buy: Bajaj Electricals 

The technical analyst’s second pick was Bajaj Electricals. This stock is seeing a golden crossover. The 50-day moving average is clearly crossing the 200-day moving average, he said. The breakout has happened with good volumes. This stock should be bought with a positional medium term view. The first target price is Rs 600 while the next is Rs 660, he said. He puts the stop loss at Rs 490.  

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Top Stocks To Buy: Bank of India 

Thakkar today picked Bank of India as a Buy for short term period. This PSU bank stock is currently trading around Rs 52. He puts the target price at Rs 58 and Rs 60. He said that PSU Bank stocks were poised to do well and he was bullish on them. He said that PSU Bank Index data has been released after two months. The index is around 1575 and is headed towards 1730. A buy position is being created one-by-one for all the PSU banks now.