The top five weekly tech stock picks by brokerage and research firm Axis Securities are Asahi India Glass Limited, Indo Count Industries Limited, DCB Bank Limited, Aditya Birla Fashion and Retail Limited, and Radico Khaitan Limited, which it has advised investors to buy with a holding period of 3 to 4 weeks.
Top weekly stock picks from Axis Securities –
Asahi Glass Ltd: According to Asahi India Glass Limited, the stock is strongly rising on a daily and weekly basis, establishing a string of higher tops and bottoms. The RSI, a daily and weekly strength indicator, is in bullish mode and has crossed over positively, supporting near-term strength growth. The letter added that the foregoing analysis showed an upside of 695-725 levels with a stop loss of 580 and a holding period of 3 to 4 weeks.
Indo Count: Increased momentum is shown by the daily “band bollinger.” The stock has formed a string of higher tops and bottoms on the daily and weekly time frames, signalling the start of an uptrend. The daily and weekly RSI strength indicator is rising beyond the 50-point threshold, indicating persistent strength. The foregoing research, according to the brokerage, indicates an upside range of 175–187 levels with a stop loss of 148 and a holding time of 3–4 weeks.
DCB Bank: The stock is nicely positioned above its 20, 50, 100, and 200-day SMA’s and is maintaining above the same, which confirms positive emotions, according to DCB Bank. The analysis above suggests an upside of 108–117 levels with a stop loss of 86.
Aditya Birla Fashion: The stock has verified a “multiple resistance zone” breakout on the daily chart at levels around 295. A huge volume that indicates higher participation at the breakout zone is there with this breakout. Axis Securities is advised based on the preceding analysis, which shows an upside of 335–348 levels with a stop loss of 276 and a holding period of 3–4 weeks.
Radico Khaitan: On the daily and weekly time frames, the stock has seen a trend reversal, which indicates positive feelings. Rising strength is supported by the RSI’s bullish mode, which is present on both a daily and weekly basis. The aforementioned analysis predicts an upside of between 1130 and 1175 levels, a stop loss of 955, and a holding period of between three and four weeks.