Top Stock Picks for Short-Term Gains: Adani Green, Asian Paints & Bank of Baroda

 

Top Stock Picks for Short-Term Gains: Adani Green, Asian Paints & Bank of Baroda




Indian equity markets took a pause on Monday after a four-day rally. The BSE Sensex declined by 452 points (0.54%) to close at 83,606, while the NSE Nifty dropped 121 points (0.47%) to 25,517. However, mid-cap and small-cap stocks remained strong, with gains of 0.60% and 0.52% respectively.

Despite this slight correction, some stocks are showing promising potential in the short term. As per technical insights from Vatsal Bhuva, Technical Analyst at LKP Securities, the following three stocks could offer attractive opportunities for traders:

Bank of Baroda (BoB)

Buy Range: ₹248–₹249
Target: ₹262
Stop Loss: ₹240

The stock has moved above its 20-day EMA after consolidating around its 200-day EMA. A bullish candlestick pattern along with a rising RSI at 61 indicates upward momentum. This setup presents a good swing trade opportunity.

Asian Paints

Buy Price: ₹2,340
Target: ₹2,465
Stop Loss: ₹2,265

After a significant price correction and consolidation, Asian Paints has formed a bullish candlestick on daily charts. The stock has also closed above its 20-week EMA, indicating a potential trend reversal. RSI is in bullish crossover on both daily and weekly charts, suggesting strength. The stock may move towards the ₹2,465 mark.

Adani Green Energy

Buy Range: ₹1,018–₹1,028
Target: ₹1,077
Stop Loss: ₹986

Adani Green is showing signs of accumulation and strength. A bullish engulfing pattern on the weekly chart and sustained trades above 20-day, 50-day, and 100-day EMAs support the bullish view. With the RSI also in an uptrend, the stock is likely to test ₹1,077 in the near term.

These three stocks offer solid short-term trading potential based on strong technical indicators. However, investors should always perform their own due diligence and manage risks appropriately.

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