Market experts have identified five stocks from information technology, financial services, and specialty chemicals sectors, with analysts recommending fresh long positions along with defined stop-loss levels and upside targets. According to reports from NDTV Profit, these recommendations come from established investment advisers across leading brokerages, providing investors with specific entry and exit strategies for each stock. Latest technical analysis from StockEdge.com shows five stocks in the Nifty500 pack that gained over 5% on July 2, with RSI trending up signals indicating strengthening momentum.
Persistent Systems is recommended by Amit Goel, CMT, SEBI-registered investment adviser and Partner & Co-Founder of BlueOak Wealth, with a current market price of ₹4,587.00. The stock carries a stop-loss at ₹4,350 and a target price of ₹4,900, representing a potential upside of approximately ₹350. Similarly, Coforge Ltd. is also recommended by Amit Goel with a current market price of ₹1,442, featuring a stop-loss at ₹1,360 and a target of ₹1,600. Recent technical analysis shows Coforge among the five stocks showing bullish RSI upswing, with RSI trending up signals indicating strengthening momentum and potential upward movement.
Bajaj Finserv Ltd. is recommended by Nilesh Jain, Head AVP – Technical & Derivatives Research at Centrum Broking, with a current market price of ₹1,859.10. The stock carries a stop-loss of ₹1,810 and a target of ₹1,920, representing a potential upside of approximately ₹81. Additionally, Shriram Finance Ltd. is recommended by Ajit Mishra, SVP-Research at Religare Broking, with a current market price of ₹1,066. The stock carries a stop-loss at ₹1,030 and a target of ₹1,140.
Ather Energy Ltd. is recommended by Ruchit Jain, Vice President, Equity Technical Research at Motilal Oswal Financial Services, with a current market price of ₹1,140. The stock carries a stop-loss at ₹1,340 and a target price of ₹1,430, representing a potential upside of approximately ₹290. According to the recommendation, this represents a fresh long position opportunity in the electric vehicle sector, with the stock showing RSI trending up signals indicating strengthening momentum and potential upward movement.
