Mid-cap Picks with Anil Singhvi: Analyst Rajesh Palviya picks India Count, Excel Industries, Ambika Cottons for high returns

Analyst Rajesh Palviya recommended three stocks today in today’s edition of Special Mid-cap stocks with Zee Business Managing Editor Anil Singhvi. The stock recommended by this analyst are with a long term, positional medium term and short term perspective. Know here which stocks are these and why are they expected to give bumper returns?          

Top Stocks To Buy: Indo Count    

Palviya said that his long term pick was Indo Count (ICIL). The chart pattern suggests that this counter has witnessed a breakout from its multiple resistance zone pattern. This stock should now be bought with a long term perspective, he said.

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It was trading around Rs 151 at the time of recommendation. He puts the target price between Rs 190 and Rs 200. It should be bought even on dips up to levels around Rs 145. He puts the stop loss at Rs 140.

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Top Stocks To Buy: Excel Industries        

The technical analyst picked his positional medium term pick as Excel Industries. The existing chart patterns show that the upward momentum in this stock is likely to continue from here.  

This stock was trading around Rs 1107 at the time of recommendation. Excel Industries stock has seen a breakout amid high volumes. He puts the target price around Rs 1230-1250. He puts the stop loss at Rs 1030. He has a 3-6 month view on this stock.
 
Top Stocks To Buy: Ambika Cotton Mills    
     
As for short term, Palviya picked Ambika Cotton Mills. This stock is trading around Rs 1133 at the time of recommendation. It witnessed significant price action amid large volumes. The daily chart set up suggests that this stock is moving above all moving averages.  

He puts the target price at Rs 1220 while the stop loss at Rs 1080. It should be accumulated even on minor corrective action, he further said.