Bajaj car
According to Mirae Asset Sharekhan’s note, Bajaj Auto has broken out of a falling channel pattern on the daily chart, indicating a continuation of the rally in the upcoming sessions. Both the RSI and MACD, the daily momentum indictors, are showcasing upward movement and a positive crossover. It expects targets of ₹9,300 – ₹9,800 on the stock, where the upper end of the target range implies a potential upside of 14% from current levels. It recommends buying the stock in the ₹8,573 – ₹8,500 range and adding on dips to ₹8,400. The view will be negated if the stock tests ₹8,100.
Jerk
Mirae Asset Sharekhan expects targets between ₹236 – ₹243 for Nykaa over the next three to four weeks. It recommends buying the stock between ₹218 and ₹215 and add on dips till ₹211. It said that Nykaa has traded with a higher-top-higher-bottom formation, meaning the intraday high and low of the current day is higher than the previous day. The stock also trades above its 20-DMA with momentum indicators like MACD in a positive crossover. This view will be negated if the stock falls to ₹205. The upper end of the target range implies a potential upside of 15%.
Bajaj finserv
Bajaj Finance’s parent has corrected from its recent swing high and is consolidating at the lower band of the flag channel on its daily chart, according to Mirae Asset Sharekhan. The stock is also trading around its 200-DMA, indicating buying interest. The RSI is nearing “oversold” levels, at 38 and the MACD is also turning positive. It recommends buying the stock between ₹2,010 – ₹1,990, add on dips till ₹1,950 for targets between ₹2,200 and ₹2,340. The upper end of the target range implies a potential upside of 18%. The view will be negated if the stock falls to ₹1,890 levels.
Titan
Titan has broken out of its descending triangle pattern, indicating a bullish trend on the daily chart. The MACD on the daily charts also has a positive crossover. Mirae Asset Sharekhan therefore recommends buying the stock in the ₹3,510 – ₹3,470 price range, add on dips to ₹3,400 for targets of ₹3,750 – ₹3,900. The upper end of the target range implies a potential upside of 12%. The view will be negated if the stock falls to ₹3,300 levels.
PB Fintech
The highest upside potential among the five stocks is for PB Fintech’s charts, which have given a bullish flag pattern breakout on the daily chart. Price action is also supported by the RSI, which is now at 61 and a positive MACD crossover. Mirae Asset Sharekhan recommends buying the stock in the ₹1,895 – ₹1,865 range, add on dips to ₹1,800 for an upside target towards ₹2,100 – ₹2,240. The upper end of the price target range implies a potential upside of 20% from current levels. The view will be negated if the stock falls to ₹1,700 levels.
