stocks to buy

List of Stocks That Are Expected To Log Gains over the Next Three Weeks

Stock Market

Following are the stocks that are expected to get gains in the upcoming three weeks;

Federal Bank

Having fallen over 47 percent from record peak seen 12 months back, this stock is back into the primary uptrend after having turned from the 50 percent Fibonacci retracement. Ideally, Rs 89, the 200 DMA, the level can be set as the target with a stop loss placed below Rs 75.

Bank of Baroda

The selling spree is showing several signs of losing steam, and a reversal attempt is in play supported by positive oscillators. Analysts believe that ideally, this should stretch beyond Rs 115, but a limited upside view with Rs 107 as an objective looks better with a stop loss placed below Rs 97.

Jubilant Foodworks

The stock has bottomed out at around Rs 1,080 level after the decent correction and has bounced back currently to just move past the significant 200-DMA, indicating a positive bias and has strength and potential to carry on the momentum still further upside. Analysts believe that the RSI has recently indicated a trend reversal and has signaled a buy and with good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 1,430, keeping a stop loss at Rs 1,150.

Hindustan Unilever

This stock has taken support near the significant 200DMA moving average which lies near Rs 1,515 level and has witnessed a bounce back to indicate strength and the revival is anticipated to continue still further upside.

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