Buy Adani Green & 3 Stocks Tuesday Up to 8% Gains
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- Nifty has formed a bullish candle with a long lower shadow, indicating a continuation of its upward move towards 23,200 and then 23,400, according to Nilesh Jain of Centrum Finverse.
- Support for Nifty has shifted higher to the 22,500 zone, and the RSI has crossed the 40 mark, signaling improving sentiment, though India VIX remains elevated around 25.
- Granules India is a buy at Rs 645 for a 6% upside to Rs 685, having broken out above a descending trendline with rising volumes and trading above key moving averages, as per Kunal Kamble of Bonanza Portfolio.
- Bank of Baroda (BOB) is recommended for a buy at Rs 260, targeting an 8% upside to Rs 282, showing early signs of reversal from oversold conditions near a strong demand zone, despite a broader weak trend.
- RBL Bank is a buy at Rs 317 for a 6% upside to Rs 336, having witnessed a strong consolidation breakout on the daily chart with increased trading volumes and a bullish RSI crossover, according to Vatsal Bhuva of LKP Securities.
Why it matters: Investors could see gains of up to 8% on recommended stocks like Bank of Baroda and Granules India.
