Investment advisory firm, Axis Securities, has pinpointed four stocks that it believes are primed for substantial short-term growth. According to their technical analysis, Alkem Laboratories, Affle India, AIA Engineering, and Excel Industries exhibit promising chart patterns that could translate into impressive returns of up to 19% within the next three to four weeks.
Alkem Laboratories has demonstrated a bullish breakout, surpassing a consolidation phase and indicating a sustained upward trajectory. Supported by increased trading volume and a robust technical foundation, the stock is projected to ascend towards the Rs 6,485-6,650 price range.
Affle India has successfully completed a “Rounded Bottom” formation, a classic bullish reversal pattern. The stock’s upward momentum, coupled with positive technical indicators, suggests a potential rally to the Rs 1,745-1,815 level.
AIA Engineering has also showcased a breakout from a “Rounded Bottom” pattern, affirming its upward trend. The stock’s position within a rising channel, combined with strong technical signals, points to a potential target of Rs 5,345-5,500.
Excel Industries has exhibited a decisive breakout above multiple resistance levels, confirming its medium-term uptrend. With a bullish technical profile, the stock is anticipated to reach the Rs 1,513-1,565 price level.
It’s important to note that while Axis Securities has presented a compelling case for these four stocks, investing inherently involves risks. Potential investors are encouraged to conduct thorough due diligence or seek advice from financial professionals before making investment decisions.
Disclaimer: This information is intended for general knowledge and informational purposes only, and does not constitute financial advice. Investing in stocks involves risks, and past performance does not indicate future results.
