Shares to buy in the long run: Mehul Kothari of Anand Rathi recommends three shares to be on Tuesday, April 15, 2025 | Einsmark news

Shares to buy in the long run: After positive sentiments, after US President Donald Trump declared a 90-day break in the US rates recently imposed on his trading partners, the Indian stock market skyrocketed on Friday. The Nifty 50 index opened on 22,695 upside down and closed on 22.828, with an intraday increase of 429 points. The BSE Sensex opened up upside down at 74.835 and closed at 75.157 and reported an intraday 1310-point rally during the Intraday trading session on Friday. Similarly, Bank Nifty had a stir on 50.634 today, and the bank index closed at 50.995, winning more than 750 points during Friday transactions. The stock market prospects Mehul Kothari, Deputy Vise -President -Technical Research at Anand Rathi, thinks the Indian stock market shows potential strength after a strong setback in Dalal Street. However, Mehul Kothari of Anand Rathi maintained that the Nifty 50 index at 23,000 faces an obstacle, and one can accept a bull trend only on breaking this resistance. Mehul Kothari of Anand Rathi said about the prospects of the Nifty 50 index: ‘This past week, a sharp decline on’ Black Monday ‘began, while Nifty opened with a significant gap of nearly 1.146 points. However, bulls had control later in the week, which helped the index get a minor loss of a minor loss. Daily chart remains below the 21, 50, 100 and 200 dema levels, which indicate positive map positive on the weekly map. Per Camarilla pivot, and traders should watch it closely. ‘Mehul Kothari of Anand Rathi said that Nifty is facing an obstacle at 23,000 today, while it provided important support at 22,500. Shares to buy for the long term regarding shares to buy in the long run, Meul Kothari of Anand Rathi recommended buying these three shares: ITC, Clean Science and Tech, and Shree Renuka Sugars. 1]ITC: Buy at £ 420 to £ 422, target £ 460, stop loss £ 410. ITC share price shows a strong bullish momentum, making it our first choice for traders who take into account weeks or months of profits. After consolidating between £ 390 and £ 415, the stock broke above the key resistance at £ 417 with a solid closure, backed by a rising RSI above 60, which has a possible outbreak. Traders may consider entering long positions between £ 420 to £ 422, which is aimed at £ 444, while setting a stop loss to £ 410 to manage risk. For those with a longer-term view, if the share price of ITC is more than £ 420, it can push to £ 450 to £ 460, especially if the FMCG sector remains in favor. Watch volumes to confirm the strength of this move. 2]Clean Science and Tech: Buy at £ 1175 to £ 1185, target £ 1350, stop loss £ 1120. The share price of Clean Science is forming an exciting move, with a textbook forming on the daily map. Rising volumes of recent lows indicate growing copper interest, and the pattern joins an important support cap, which adds technical trust. The graph also shows price compression, which is often a significant breakdown. Traders can buy between £ 1175 and £ 1185, with a view to a £ 1300 target, with a stop loss at £ 1120 to limit the disadvantage. If Clean clears £ 1185 with conviction in the long run, it can climb past £ 1350, making it a compelling opportunity for patient investors to look at the chemical sector. 3]Shree Renuka Sugners: Buy at £ 26 to £ 27, target £ 35, stop loss £ 24 Renuka Sugars’s share price attracts attention with early signs of a turnaround near its £ 25 to £ 26. A bullish rsi divergence and a hammer chandelier signals’ potential strength, while pricing. can be close. Traders can enter £ 26 to £ 27, which is aimed at £ 31, and place a stop loss at £ 24 for safety. If Renuka Sugars share price breaks above £ 27 and pulls the sugar sector, it could reach £ 33 to £ 35 in the longer term. Always stick to disciplined risk management, monitor broader market trends and do your research as trading risks pose. Stay tuned for updates and happy trading! Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions, as market conditions can change quickly, and conditions can vary. First published: 14 Apr 2025, 02:25 pm Ist