ICICI Bank, Kotak Mahindra Bank, IndiGo, Voltas among 12 stocks to buy this week
Live MintNifty 50 clocked a strong gain of about 3.5 per cent last week, scaling its fresh peaks and crossing the 21,000 mark for the first time on factors, including strong GDP growth, RBI's upward revision in growth estimates and expectations of political stability and the continuation of policies after the Lok Sabha election 2024 post-BJP's impressive victory in Madhya Pradesh, Rajasthan and Chhattisgarh assembly elections. Take a look: Shiju Koothupalakkal - Technical Research Analyst, Prabhudas Lilladher ICICI Bank | Target price: ₹ 1,140 | Stop loss: ₹ 975 The stock, after the gradual slide witnessed in the last five months, has indicated a trend reversal taking support near the important 200-period MA of ₹915. Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers Kotak Mahindra Bank | Target price: ₹ 1,900 | Stop loss: ₹ 1,785 On the daily timeframe, the inverse head and shoulder pattern is seen after decent consolidation between ₹1,700 and ₹1,790. Axis Securities RBL Bank | Buying range: ₹ 258-253 | Target price: ₹ 286-300 | Stop loss: ₹ 240 RBL Bank has recently experienced a robust breakout from the consolidation zone between ₹258-210, accompanied by a strong bullish candle, indicating a continuation of the medium-term uptrend. ABB India | Buying range: ₹ 4,650-4,557 | Target price: ₹ 5,010-5,200 | Stop loss: ₹ 4,400 ABB has recently exhibited a strong breakout from the consolidation zone in the range of ₹4,600-3,900, marked by a strong bullish candle, suggesting a continuation of the medium-term uptrend.