Get ready for some exciting stock picks as we dive into Diwali 2025's potential market movers! A 56% upside potential? That's right, folks! Axis Direct has unveiled its technical picks, and the numbers are impressive. But here's the catch: these stocks could be a game-changer or a risky venture. Let's explore the details and uncover the potential rewards and risks together.
Aditya Birla Capital: This stock has broken free from multiple resistance zones, backed by a powerful bullish candle. It's forming higher highs and lows, indicating a strong upward trend. Axis Direct predicts an upside of up to 44%, with a suggested buy range of ₹270 - ₹250. Will this stock live up to its bullish expectations?
BSE: Trading within a rising parallel channel, BSE's stock has found support at crucial levels. Axis Direct believes this could be an opportune entry point. With a potential upside of 31%, the brokerage expects BSE to test levels between ₹2,650 - ₹2,885. A bullish monthly MACD adds to the optimism. Should investors jump on this bandwagon?
Hero MotoCorp: Axis Direct forecasts an impressive 43% upside for this two-wheeler manufacturer. The stock's rebound from the trendline confirms the breakout, and the monthly MACD crossover above zero reinforces the bullish momentum. Axis Direct recommends buying between ₹5,180 - ₹4,970. But is this a sustainable trend, or a temporary surge?
India Nippon Electricals: Since 2008, this stock has traded within a rising channel, indicating a structural uptrend. Axis Direct projects an upside of up to 56%, with a price target of ₹1,255 - ₹1,455. The recent volume uptick suggests renewed market interest. Could this be a long-term investment opportunity?
Inox Green Energy: Axis Direct expects a 41% upside, with a price target of ₹260 - ₹265. The stock has found support near the 61.8% Fibonacci retracement level, which could be a strong base for its medium-term uptrend. Should investors consider buying between ₹210 - ₹195?
Laurus Labs: Breaking out from a rounded bottom pattern, Laurus Labs is well-positioned for a long-term uptrend. Axis Direct expects an upside of 47%, with a price target of ₹1,030 - ₹1,115. The stock is forming higher highs and lows on the monthly chart. Is this a sign of sustained growth, or a temporary rally?
MTAR Technologies: Axis Direct has set a price target of ₹2,155 to ₹2,380, indicating a potential upside of 36%. The stock has broken out of a falling channel, and the monthly RSI shows a bullish formation. With a buy range of ₹1,815 - ₹1,695, could this be a profitable investment?
NBCC: Breaking out from a rounding bottom formation, NBCC has pushed above resistance with a bullish candle. Axis Direct expects an upside of up to 45%, with a price target of ₹130 - ₹145. The buy range is between ₹105 - ₹95. Will this PSU stock continue its upward trajectory?
NMDC: Trading with higher tops and bottoms, NMDC is another PSU on the list with a strong uptrend. Axis Direct predicts an upside of up to 45%, with a price target of ₹90 to ₹105. The stock has broken above a significant resistance zone. Should investors consider buying between ₹75 - ₹70?
Paytm: Up over 4x from its lows, Paytm has decisively surpassed multiple resistance zones. Axis Direct predicts an upside of up to 37%, with a price target of ₹1,310 to ₹1,505. The previous resistance of ₹1,030 could now act as a key support. Is this a sign of continued growth, or a temporary rally?
State Bank of India: India's largest lender could test levels between ₹940 to ₹1,035, according to Axis Direct. The stock has broken out above its downward sloping trendline, backed by strong volumes. With a monthly RSI showing a bullish trend, should investors consider buying between ₹840 - ₹815?
Syrma SGS: Breaking out of a horizontal consolidation zone, Syrma SGS has shown strength with a bullish candle. Axis Direct expects an upside of 48%, with a price target of ₹985 to ₹1,080. The prior resistance of ₹670 - ₹700 could now act as a key support. Is this a sign of a sustained uptrend, or a short-term rally?
Remember, investing carries risks, and past performance is no guarantee of future results. Always conduct your own research and consult professionals before making investment decisions. Now, what do you think? Are these stocks worth considering, or are there better opportunities elsewhere? Share your thoughts and let's discuss!
