Midcap stocks with Anil Singhvi: Sacchitanand Uttekar picks Albert David, Fine Organic, Cyient for BIG GAINS

In conversation with Zee Business Managing Editor Anil Singhvi, market analyst Sacchitanand Uttekar picked three midcap stocks for good returns. Uttekar suggested Cyient Limited for short term investment, Fine Organic for positional and Albert David for long term investment.

Long Term Pick- Albert David Ltd

Sacchitanand Uttekar said if we see the overall performance of Albert David Ltd then around 2018 the company has made a big swing high. He said that the way corrective mode came in the counter it can be said that that particular formation is getting established in a rounding bottom structure.

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The market analyst further added that almost after 12 quarters a confident opening can be seen and the closing in the previous month is placed at around the levels of 580.

The stock has established a base and the life highs can re-establish or revisit at around the levels of 860. So, the shares of the company can be added to the portfolio," he added.

He suggested a stop loss at around Rs 530 on a weekly closing basis and gave a target of around Rs 860.

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

Short- Cyient

Positional- Fine Organic

Long- Albert David #SPLMidcapStocks #MidcapStocks @AnilSinghvi_ @USacchitanand pic.twitter.com/lFHKJVj7vl

— Zee Business (@ZeeBusiness) August 10, 2021

Positional Pick- Fine Organic

Uttekar picked Fine Organic for positional medium term investment. He said that recently the company has made a swing high of around 3460 and after that a good corrective wave end was seen happening.
He said that the stock of the company is moving towards a good base and said that it can be accumulated for a target of 3780 and stop loss can be kept around 2720.

Short Term Pick- Cyient Ltd

The market analyst suggested Cyient Ltd for short term investment. He said that the company has given good returns and considering the overall journey it can be said that it has been an expensive performer but strong as well.

He said that recently there was a breakout in weekly charge after which consolidation was seen and flag formation is exhibiting. He gave a target of around Rs 1100 and stop loss can be kept at 905.