Experts Pick 5 Hot Stocks for Short-Term Gains Amid Volatility
As Indian markets face global headwinds and geopolitical uncertainty, analysts have identified five technical stock picks ideal for short-term gains over the next 2–3 weeks. Despite the Nifty 50 slipping 0.40% to dip below 24,850, technical experts advise focusing on fundamentally strong stocks with bullish technical setups.
Here are the top recommendations:
1. HDFC Bank
- Previous Close: ₹1,935.40
- Targets: ₹1,996 and ₹2,020
- Stop Loss: ₹1,870
HDFC Bank has broken out of a rectangle consolidation, confirming bullish momentum. It continues to form higher highs and higher lows, trades above its 55-period EMA, and shows bullish signals on RSI and MACD. The structure favors a buy-on-dips strategy.
2. Tata Power
- Previous Close: ₹399.40
- Targets: ₹430 and ₹440
- Stop Loss: ₹382
The stock has given a rounding bottom breakout, signaling a trend reversal. Trading above key EMAs and showing a bullish MACD convergence, Tata Power is positioned for further upside as it nears a key retracement level.
