Top Picks with Anil Singhvi: Why Rajesh Palviya Jain recommends CCL Products, Raymond and Bharat Dynamics? Know targets, stop loss and other details

Market Guru, Managing Editor of Zee Business, Anil Singhvi spoke to Rajesh Palviya Jain, VP Research (Head Technical & Derivatives) at Axis Securities Ltd on his long-term, short-term and positional picks for today.

Long Term Stocks: CCL Products 

Recommending CCL products as his long-term products, Palviya said that the shares of this company were seen to be consolidated from the last 6 months. He pointed out its weekly set-up that has formed a rounding bottom. The July high of this stock was around Rs 495, followed by a correction. But we can see a recovery trend in the stocks again. Overall set-up of this stock is going to be positive. Given the break out pattern of this stock in the weekly pattern, this stock is best for taking a long-term position in the market, Palviya claimed.

Buying Price: Rs 460 - Rs 469

Target Price: Rs 570 - Rs 580

Stop Loss Price: Rs 430

Positional Stocks: Bharat Dynamics Limited 

Picking Bharat Dynamics Limited as his positional pick, Palviya explained that the stock had shown a multi-month resistance zone breakout as per its monthly set-up. The stock has been building its strength for consecutive weeks. According to its across all time frame chart pattern, it has gained a lot of strength.

Buying Price: Rs 455 - Rs 465

Target Price: Rs 540 - Rs 550

Stop Loss Price: Rs 440

Short-Term Stocks: Raymond Limited 

A good rally has been seen in Raymond's stocks for a few weeks. However, a sideways consolidation can be seen from the last 7-8 days in the stocks. The stock is expected to reach the breakout of its consolidation range soon, Palviya claimed.

Buying Price: Rs 755 - Rs 765

Target Price: Rs 820 - Rs 840

Stop Loss Price: Rs 730

For more details, Watch Full Video Here:-

शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म के लिए राजेश पालविया के 3 बेहतरीन मिडकैप Picks

Short Term- Raymond

Positional Term- Bharat Dynamics

Long Term- CCL Products#SPLMidcapStocks | #MidcapStocks | #StocksToBuy @AnilSinghvi_ | @rajeshpalviya pic.twitter.com/iKOTEZEnjp

— Zee Business (@ZeeBusiness) January 24, 2022