Five stock picks for 17 March, recommended by Ankush Bajaj and MarketSmith India

 

Ankush Bajaj’s three stock recommendations for today

NTPC

Buy at: ₹332 | Target: ₹345-348 | Stop loss: ₹323

The stock is consolidating in the ₹340-305 range. If it crosses ₹338, it may soon touch ₹360. On the lower timeframe (15-minute), the stock is forming a bullish pennant, indicating a potential breakout. The ₹320-323 zone serves as a strong base. As long as the stock remains above this level, the bullish outlook remains intact.

JSW Infrastructure

Buy at: ₹264 | Target: ₹278-282 | Stop loss: ₹257

On the hourly chart, the stock has formed a double bottom at the ₹257 level, which can act as a strong support. On the 15-minute timeframe, if the stock crosses the ₹266 level, it will break the upper channel of the falling wedge pattern, indicating a potential uptrend. The target for this breakout is ₹280. 

ICICI Bank

Buy at: ₹1,250 | Target: ₹1,280-1,295 | Stop loss: ₹1,232

On the hourly chart, ADX is trading above 25 and RSI is above 60, indicating strong bullish momentum. The stock has formed a solid base at the ₹1,230 level, suggesting a continuation of the uptrend. The first target is around ₹1,280, after which one can trail the stop loss to secure profits.

 

MarketSmith India's top stock recommendations for 17 March

Blue Star

Current market price: ₹2,025.65 | Buy range: ₹1,980-2,040 | Profit goal: ₹2,450 | Stop loss: ₹1,840 | Timeframe: 1-2 months

Bikaji Foods International

Current market price: ₹ 672.80 | Buy range: ₹655-675 | Profit goal: ₹825| Stop loss: ₹610 | Timeframe: 2-3 months.

 

About the market experts:

Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.

MarketSmith India: Trade name: William O'Neil India Pvt. Ltd. Its Sebi-registered research analyst registration number is INH000015543.

 

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Disclaimer: The views and recommendations given in this article are those of individual analysts and do not represent the views of Mint. We advise investors to check with certified experts before making any investment.