Anand James Highlights Time Techno and Shyam Metalics as Top Buys This Week
Anand James’ top picks: Why Time Techno and Shyam Metalics are buys this week
The Economic TimesImage: The Economic Times
Geojit's Anand James recommends Time Techno and Shyam Metalics as top trading picks for the upcoming week, citing their strong technical setups and potential for significant gains. With the Nifty index eyeing the 25,600 mark, these stocks could provide constructive opportunities amidst market volatility.
- 01Anand James identifies Time Techno and Shyam Metalics as top trading picks.
- 02Time Techno has shown a strong rebound, with a target price of ₹204.
- 03Shyam Metalics is positioned for upside, targeting ₹1020.
- 04The Nifty index is currently navigating volatility, aiming for 25,600.
- 05Both stocks exhibit bullish technical indicators, suggesting potential gains.
Advertisement
In-Article Ad
Anand James, a market analyst at Geojit, has identified Time Techno and Shyam Metalics as top trading opportunities for the upcoming week. Time Techno, currently priced at ₹193, has shown a strong rebound from recent lows and is expected to reach a target price of ₹204 if it sustains above ₹190. The stock's positive momentum is supported by favorable technical indicators, including a bullish MACD crossover and a rising RSI. Similarly, Shyam Metalics, priced at ₹874, is positioned above a strong support zone of ₹800-820 and has a target of ₹1020. The stock's upward trend is reinforced by its formation of higher lows and supportive momentum indicators. The broader market, represented by the Nifty index, is currently fluctuating around the 25,600 mark, reflecting mixed investor sentiment as it navigates early May's volatility. Traders should maintain a bullish outlook on these stocks while managing downside risks with appropriate stop-loss levels.
Advertisement
In-Article Ad
Investors in the Indian stock market may find trading opportunities in Time Techno and Shyam Metalics, potentially enhancing their portfolios amidst current market volatility.
Advertisement
In-Article Ad
Reader Poll
Do you plan to invest in the stocks recommended by Anand James?
Connecting to poll...
More about Geojit
Read the original article
Visit the source for the complete story.

