Midcap picks with Anil Singhvi: Sachchitanand Uttekar picks SBI Cards, Mahindra Holidays, Tinplate for high returns- Check target and stoploss here

In conversation with Anil Singhvi, Managing Editor at Zee Business, Market Analyst Sacchitanand Uttekar selected three midcap stocks for investors for high returns. He selected SBI Cards and Payment Services Ltd for long term, Mahindra Holidays & Resorts India Ltd for positional and Tinplate Company of India Ltd for short term investment.

Long Term Pick- SBI Cards and Payment Services Ltd

The Market Analyst selected SBI Cards for long term investment and said that the monthly structure of the company is at a very interesting juncture. Infact if we see its data from February 2021 then after a good upward move, sideways consolidation has been seen, he said.

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Sacchitanand said that the overall pattern formation is of a triangular whose apex is around 1060. Considering the structure, weekly chart formation he said that a breakout can be seen in this particular stock. He gave a target of around 1350 and a stoploss of around 960 on weekly closing basis.

Positional Pick- Mahindra Holidays & Resorts India Ltd

Sacchitanand  picked Mahindra Holidays for midterm or positional investment and said that it has recently given a breakout at a level of around 315 and a bullish formation has been activated.

शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म के लिए सच्चितानंद उत्तेकर के 3 बेहतरीन मिडकैप स्टॉक्स

Short- Tinplate

Positional- Mahindra Holidays

Long- Jayant SBI Card#SPLMidcapStocks #MidcapStocks @AnilSinghvi_ @USacchitanand pic.twitter.com/2cZRdX24FA

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He gave a stoploss of around 286 and a target of around 380-385.

Short Term Pick- Tinplate Company of India Ltd

Tinplate is the short term investment pick of the market analyst. He said that the month of August has been corrective and considering the structure and correction he said that a zigzag corrective wave has been completed.

The market analyst said that the stock can show the levels of life highs and gave a target of 280 and stoploss of around 220.