Mid-Cap Picks With Anil Singhvi: Quick Heal Technologies, Mahindra EPC Irrigation and GM Breweries are stocks to buy, says Sacchitanand Uttekar
Market expert Sacchitanand Uttekar, Head Research at Tradebulls, while talking to Zee Business Managing Editor Anil Singhvi on the Special Mid-cap Picks show was quite bullish on his recommendations - Quick Heal Technologies, Mahindra EPC Irrigation and GM Breweries. These are his long-term, positional and short-term picks.
Market expert Sacchitanand Uttekar, Head Research at Tradebulls, while talking to Zee Business Managing Editor Anil Singhvi on the Special Mid-cap Picks show was quite bullish on his recommendations - Quick Heal Technologies, Mahindra EPC Irrigation and GM Breweries. These are his long-term, positional and short-term picks.
Long Term Pick: Quick Heal Technologies
Quick Heal Technologies stock has seen good volume action in the past 4 to 5 sessions. The stock had been trading in a string range of Rs 140 – Rs 180 for 21 weeks. Quick Heal Technologies stock had closed above its 200 day moving average after breaking out decisively and closing above it indicating that the stock is ready for a further upmove. Long term rounding pattern seems to be active on the stock. Quick Heal Technologies stock could see a target of Rs 245 – 250 with a stop loss of Rs 170 on a weekly closing basis. Trend on the stock is extremely bullish and investors should buy into this counter.
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Positional Term Pick: Mahindra EPC Irrigation
The structure formed is the stock is indeed beautiful indicating further upmove possible in the counter. Mahindra EPC Irrigation stock has been consolidating for 8 months and now there is an uptick on the stock price. Weekly charts data indicate there is a clear inverse head and shoulder pattern formed on the stock. Necking breakout above Rs 170 could see vertical upmove in the counter. The target on Mahindra EPC Irrigation stock is Rs 210 with stop loss of Rs 154.
Short Term pick: GM Breweries
Liquor stocks could remain in focus going forward. The data on past 4 months indicate there could be a breakout on GM Breweries stock. The market cap of GM Breweries is close to Rs 800 cr. Since last 1 year, the stock has faced resistance near levels of Rs 450. Upward formation has happened in the past 4 months and a triangular pattern has been formed on the stock. Monthly RSI seems to be ready to beak levels of 50. GM Breweries stock could see a good breakout from here on looking at the monthly data and the stock could see good momentum from hereon. The target on GM Breweries stock is Rs 530 with stop loss of Rs 405.
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