In yet another episode of #SplMidcapStocks, market analyst Himanshu Gupta today recommended three more mid-cap stocks for investors to buy to generate big returns. In a chat with Zee Business Managing Editor Anil Singhvi today, Gupta recommended stocks with long term, positional medium term and short term views. This time Himanshu has picked Star Paper, IndiaMART and Aptech as his long term, positional medium term and short term views.

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Market analyst Himanshu Gupta today recommended three more mid-cap stocks for investors to buy to generate big returns. In a chat with Zee Business Managing Editor Anil Singhvi today, Gupta recommended stocks with long term, positional medium term and short term views. This time Himanshu has picked Star Paper, IndiaMART and Aptech as his long term, positional medium term and short term views.

Long term pick – Star Paper

Himanshu has picked this stock in the cyclical space from the paper industry. Technically the stock has formed double bottom formation around Rs 85 – Rs 87 levels. Stock is showing signs of breakout in today’s trade. The stock, if it sustains over Rs 114 – Rs 115, can move further up from there as well. There is no resistance or supply zone till the levels of Rs 145, Rs 150 and Rs 160 on this stock. There is strong relative strength in this stock and seems target of Rs 160 could be achieved within timeframe of 3 to 4 months with stop loss of Rs 100.    

Positional – IndiaMART

This stock has doubled from July to September and the stock has relatively performed exceedingly well this year. The stock remains in sideways consolidation for 12 weeks. The stock is showing signs of breakout since past 2 – 3 sessions. The stock is showing signs of 5th wave move on the upside. After making a strong base, now it seems stock is ready for the next upmove. All technical parameters of the stock are supportive. The stock should be accumulated in the range of Rs 5300 – Rs 5500 for target of Rs 6800 – Rs 7000 for medium to positional term with stop loss below Rs 5000.

Short Term pick – Aptech

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The stock has strong potential to outperform in the near term. The stock was stuck in sideways consolidation till now and Rs 135 – Rs 138 was a strong resistance level which the stock has crossed decisively. There is good delivery buying happening in this counter in the past 5 to 6 sessions. Leading indicators are showing good strength in the stock and it is ready for a bigger move on the upside. IT and online learning platforms are seeing good traction due to the Covid issue. The target on the stock will be Rs 160 and Rs 175 with stop loss of Rs 130.