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The stock market is expected to remain directionless in the coming week, but experts have identified several stocks that investors should consider buying, holding, or accumulating. Rajesh Palviya, Senior Vice President of Technical and Derivatives Research at Axis Securities, recommends three stocks for the upcoming trading week: Sun Pharmaceutical Industries Ltd, Avanti Feeds Ltd, and Coromandel International Ltd. Sun Pharmaceutical Industries Ltd is currently trading at Rs 1,683.45.
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The share price has extended its bounce-back rally for the second consecutive week, forming a “morning star,” a short-term trend reversal pattern on the weekly charts. The stock is also sustaining above its 20-day simple moving average (SMA), which reconfirms its short-term positive bias. Palviya recommends buying, holding, and accumulating the stock, with an expected upside of Rs 1,750-1,800 and downside support at Rs 1,600.
Avanti Feeds Ltd is in a strong uptrend across all timeframes, forming a series of higher tops and bottoms.
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The stock has confirmed a “rounding bottom” breakout at Rs 800 levels on a closing basis, reconfirming the continuation of the prior uptrend. The stock is well placed and sustaining above its 20, 50, 100, and 200-day SMAs, which reconfirms the bullish trend.
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Palviya recommends buying, holding, and accumulating the stock, with an expected upside of Rs 885-950 and downside support at Rs 800-770.
Experts’ top stock picks
Coromandel International Ltd has decisively surpassed the past three weeks’ multiple resistance zone of Rs 1,770 levels on a closing basis, indicating a positive bias.
The stock has recaptured its 200-day SMA and rebounded sharply, confirming positive bias. Palviya recommends buying, holding, and accumulating the stock, with an expected upside of Rs 1,885-1,950 and downside support at Rs 1,700-1,680. Other experts have also identified potential stocks for investors to consider.
According to Bajaj Broking Research, Piramal Pharma and PTC India are the top stock picks for next week. They recommend buying Piramal Pharma in the range of Rs 193-203, with an expected upside of Rs 229 in the coming months. For PTC India, they suggest buying in the range of Rs 150-157, with an expected upside of Rs 178 in the coming quarters.
Despite the overall market sentiment, experts believe that India has shown resilience and a healthy outperformance. Concerns about a potential recession in the US are not affecting the Indian market, thanks to signs of recovery in fundamentals driven by easing inflation, anticipated rate cuts, and an economic rebound in FY26 fueled by government spending and rising consumer income. Investors are advised to closely monitor price actions and key support levels to manage risks effectively.
As always, it is crucial to consult with certified experts before making any investment decisions.
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