Shares to buy in the short term: From Tata Motors to Zee Entertainment - Jigar Patel of Anand Rathi proposes 3 shares | Einsmark news

Stocks to buy for the short term: Indian stock market benchmark Nifty 50 dropped 1.4 percent last week and hampered a three-week winning streak amid increased tension between India and Pakistan. Foreign Institutional Inflow, Healthy Macro indicators, such as Record -GST collections in April, stable Q4 results and a weaker losses of the US dollar for the domestic market. This week, news around the conflict in India-Pakistan will affect the market sentiment. Meanwhile, a positive development is that India and Pakistan reached a ‘bilateral concept’ on Saturday along the control line and international border. However, India said Pakistan violated the ‘concept’, as drones in parts of India were seen hours after India announced the ‘ceasefire’. On Technical Front, 23,800 is the most important support, and according to Jigar S. Patel, senior manager of equity swim at Anand Rathi share and stockbrokers, a violation of this level can lead to further disadvantage to 23,500, which is in line with the 200-day EMA. “A treated swollen pattern on the weekly map reinforces the warning prospects. Unless Nifty regains 50 24 500 convincingly, traders are advised to remain defensive, explore aggressive long positions and investigate hedging strategies around key levels,” Patel said. Stock elections for the short -term Jigar Patel recommend that the next two to three weeks buy shares of Tata Motors, Zee Entertainment and Tata Technologies. Tata Motors | Previous Closing: £ 708.50 | Target Price: £ 780 | Stop Loss: £ 660 Tata Motors shows reversal signals at key support zones. This has established a strong base near the S3 Camarilla annual support, indicating the possible disadvantage of the disadvantage. A bullish divergence is clearly visible on the weekly map that supports this view. The RSI on the weekly timeframe also formed an inverted head-and-shoulders pattern, with the neck already broken, strengthening the bullish prospects. These combined signals indicate a reversal setup with high probability. “A long position is recommended in the £ 690–710 series, with an upside down target of £ 780. Tata Motors Stock Technical Chart Zee Entertainment Enterprises | Previous Closing: £ 115.80 | Target Price: £ 135 | Stop Loss: £ 104 See Entertainment Approaches an important A critical technical time, supported by a strong confluence of time and price factors. Recovery, which adds reliability to the setup. Previous Closing: £ 665.95 | Target Price: £ 735 | Stop loss: £ 625 Tata Technologies is closer to an important technical bend. Time and Fibonacci Confluence are in focus. The stock approaches a critical technical time, underlined by the convergence of key time cycles and Fibonacci relationships. The ongoing setup is in line with a 35-36 weeks cycle, corresponding to the Fibonacci number 33, a level that is often associated with cyclical reversal. From a percentage point of view, the correction of the stock from point A to B 30 percent was followed by a deeper 47.45 percent circumference of C to D. The relationship between these movements, 1.58, is strikingly close to the golden relationship (1.618), while the reverse, 0.632, reflects the reciprocity (0.618). As for the price symmetry, the A – B drop measured £ 416.60, while the C – D -bone corrected £ 539, with a ratio of about 1.27 – the square root of the golden relationship. This move also reflects the 0.786 feedback level, itself the square root of 0.618, which adds further technical confluence. “We recommend going in the counter in the £ 658-668 zone with an upward target of £ 735, and the stop loss would be £ 625 daily,” Patel said. Tata Technologies Stock Technical Chart. Read all market -related news here read more stories by Nishant Kumar 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.