Midcap Picks with Anil Singhvi: Bayer Crop Science, Uflex and HEG are stocks to buy for bumper returns

In a conversation with Zee Business Managing Editor Anil Singhvi on the Special Midcap Stock Picks show, Market expert Sacchitanand Uttekar recommended three stocks to investors. Uttekar picked Bayer Crop Science, Uflex, HEG with long, positional and short-term views respectively. Here is why this expert picked these shares 

Long Term Pick: Bayer Crop Science 

Almost after eight months of a declining move, Bayer Crop Sciences is now showing a stable price action movement. This stock has shown bearish structure with lower top and lower bottom formation for quite a long time, says Uttekar.  

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He adds, there has been a decisive breakout at around Rs 48000 per share level on a monthly chart basis, it was a 4-year range breakout. And, since then there has been a consolidation phase in it. 

On a weekly chart basis, the stock has chances of making a double bottom process, the stock has been establishing itself on 5 and 20 weekly moving averages, says the expert. He sets a target of Rs 6600 apiece, stating there’s a bullish move seen from here, with a stop-loss of Rs 5100 per share.  

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Positional Pick: Uflex 

This mid-cap stock has shown a breakout from rounding bottom formation at around Rs 300 per share level, similarly, an upward move with oscillating rise is visible in the stock, says the market expert.  

In the last two weeks, the stock has shown a tweezer bottom pattern and it has also confirmed its channel pattern base around 350, adds Uttekar. He sets an upper bound at Rs 460 per share with a stop-loss of Rs 365 per share. 

Short Term Pick: HEG 

The market expert has recommended this stock when it was at the level of Rs 1600 apiece. He says that the stock has given a breakout from the earlier level and a huge impulse is seen in it. Uttekar points out that the stock has shown healthy correction, a higher top and a higher bottom sequence has also been established. He sets a target of Rs 2600 per share with a stop loss Rs 2020 apiece.