Top Stock Picks: Asian Paints and Tata Steel Show Strong Potential
Technical picks: Asian Paints, Tata Steel among analyst's top picks
Business Standard
Image: Business Standard
Analyst Kunal Kamble highlights Asian Paints, Jana Small Finance Bank, and Tata Steel as top stock picks, citing bullish trends and strong momentum. Key targets include ₹3,000 for Asian Paints, ₹566 for Jana Small Finance Bank, and ₹253 for Tata Steel, with recommended buy ranges and stop-loss levels.
- 01Asian Paints shows bullish momentum, targeting ₹3,000.
- 02Jana Small Finance Bank indicates a strong trend reversal with a target of ₹566.
- 03Tata Steel maintains an uptrend, aiming for ₹253.
- 04Strong volumes and positive RSI readings support the bullish outlook.
- 05Analyst recommends specific buy ranges and stop-loss levels for each stock.
Advertisement
In-Article Ad
Kunal Kamble, a senior technical research analyst at Bonanza, identifies Asian Paints, Jana Small Finance Bank, and Tata Steel as top stock picks based on their positive market trends. Asian Paints has rebounded from the ₹2,150–2,200 range, with a target of ₹3,000 and a recommended buy range of ₹2,620. The stock's price action above key moving averages and the formation of higher highs indicate strong momentum. Jana Small Finance Bank shows signs of a trend reversal after stabilizing near ₹350–370, aiming for a target of ₹566 with a buy range of ₹486. Tata Steel continues to show bullish strength, having broken above the ₹215–216 resistance zone, with a target of ₹253 and a buy range of ₹220. All three stocks exhibit strong volume support and positive RSI indicators, reflecting healthy market participation.
Advertisement
In-Article Ad
Investors looking to diversify their portfolios may find opportunities in these stocks, potentially increasing their returns.
Advertisement
In-Article Ad
Reader Poll
Are you considering investing in these stocks?
Connecting to poll...
More about Bonanza
Read the original article
Visit the source for the complete story.