Market Trading Guide: Buy Ramco Systems, Natco Pharma and 2 more stocks on Wednesday for gains up to 14%
Why it matters: Investors could see gains up to 14% by buying recommended stocks like Natco Pharma and MTAR Technologies.
- Nifty closed higher for three consecutive sessions, moving above critical moving averages, confirming a positive near-term outlook, though resistance is at 23,200 and support at 23,000, according to Rupak De.
- Ramco Systems is a buy at Rs 407, targeting Rs 440 (8% upside) within 2-3 weeks, as its downtrend has reversed with a crucial bottom reversal pattern and expanding volume, per Nagaraj Shetti of HDFC Securities.
- DCX Systems is recommended for purchase at Rs 169.50, aiming for Rs 185 (9% upside) within two to three weeks, showing a sustainable upmove and a double bottom pattern, also noted by Nagaraj Shetti.
- Natco Pharma is a strong buy at Rs 1,083, with a target of Rs 1,230 (14% upside), exhibiting a bullish breakout, trading above all major moving averages, and strong RSI momentum, as analyzed by Kunal Kamble of Bonanza Portfolio.
- MTAR Technologies is advised for purchase at Rs 3,927, targeting Rs 4,460 (14% upside), reflecting a strong bullish structure and a breakout from a consolidation range.
The Nifty index extended its winning streak for a fourth session, achieving a consolidation breakout on the hourly chart, with analysts like Rupak De of LKP Securities maintaining a positive near-term outlook despite potential volatility from Middle East conflicts. Technical analysts recommend buying four specific stocks—Ramco Systems, DCX Systems, Natco Pharma, and MTAR Technologies—with potential gains ranging from 8% to 14% based on various technical indicators.
