Stocks to buy for short term: Frontline indices, the Sensex and the Nifty 50, snapped their three-session losing streak on Monday, 27 April, supported by select heavyweights, including Reliance Industries, Sun Pharma, and HDFC Bank.
The ended at 24,092.70, rising 0.81%, while the Sensex settled at 77,303.63, gaining 0.83%.
Amid persisting uncertainty over possible peace talks and higher crude oil prices may trigger profit booking at higher levels. Moreover, the domestic market may remain volatile on Tuesday due to monthly expiry of futures and options (F&O) contracts.
Experts recommend focussing on quality stocks with healthy fundamentals and favourable technical indicators amid the ongoing Q4 results reason.
Vishnu Kant Upadhyay of Master Capital Services and Aakash Shah of Choice Broking recommend the following six stocks to buy for the next 1-2 weeks.
Stocks picks for short term
Expert: Vishnu Kant Upadhyay, AVP- Research at Master Capital Services
Gujarat Mineral Development Corporation (GMDC) | Previous close: ₹698.55 | Target prices: ₹765 and ₹780 | Stop loss: ₹635
According to Upadhyay, is maintaining a strong upward trajectory, with the stock continuing its existing positive trend after a recent breakout.
The current pullback towards the 21 EMA appears healthy, indicating a controlled retracement rather than weakness.
Price remains comfortably above all key moving averages, reflecting strong trend alignment across timeframes.
Momentum has moderated slightly, with RSI cooling to around 64, suggesting the stock is resetting without losing strength.
“The stock has taken out the previous day’s high, signaling renewed buying interest and suggesting it is poised to move towards fresh highs if momentum sustains,” Upadhyay said.
International Gemmological Institute (IGIL) | Previous close: ₹355.85 | Target prices: ₹382 and ₹390 | Stop loss: ₹334
As per Upadhyay, stock is showing signs of renewed strength after successfully retesting its breakout zone, which aligns closely with the 200 EMA, reinforcing the validity of the support.
The stock has bounced back from this confluence area, indicating strong demand at lower levels.
Price structure remains constructive, with a consistent formation of higher highs and higher lows, reflecting an intact uptrend.
“The recovery suggests improving momentum, and as long as the stock holds above the recent support zone, it appears well positioned to continue its ongoing positive trend,” said Upadhyay.
Hindustan Zinc | Previous close: ₹628 | Target prices: ₹685 and ₹694 | Stop loss: ₹576
Upadhyay said shares are witnessing a notable improvement in its price structure, marked by a breakout from an inverse head and shoulders pattern, backed by a strong surge in volumes, indicating meaningful buying interest.
This move points towards a potential trend reversal within the broader uptrend.
The stock has moved back above all key moving averages, signaling strengthening momentum and favorable alignment.
“Price action is turning constructive, and as long as it sustains above the breakout zone, the positive bias is likely to persist with further upside potential,” said Upadhyay.
Expert view: Aakash Shah, Technical Analyst at Choice Broking
Sai Life Sciences | Previous close: ₹1,067.30 | Target price: ₹1,162 | Stop loss: ₹1,010
Shah underscored that share price is displaying a strong continuation pattern after a brief consolidation phase, currently trading near ₹1,067 which is also close to all-time high level.
The stock has recently given a sharp breakout above its prior swing resistance zone around ₹1,050, backed by improving volume participation, which signals fresh momentum entry.
Price action remains firmly above all key moving averages, with the shorter-term EMAs sloping upward, indicating sustained trend strength.
The structure suggests a healthy pullback followed by expansion, often seen in trending stocks. Momentum indicators are also supportive, with RSI holding in a bullish range.
“As long as the stock sustains above ₹1,010, the setup remains positive, with potential upside towards ₹1,162 which also coincides with 0.786 Fibonacci extension levels in the near term,” said Shah.
Techno Electric & Engineering Company | Previous close: ₹1,280.45 | Target price: ₹1,385 | Stop loss: ₹1,212
According to Shah, stock has recently shown a decisive breakout from a long-term descending trendline, indicating a potential shift from a bearish to a bullish structure.
The stock is currently trading with strong price action supported by rising volumes, reflecting fresh buying interest.
It has reclaimed all key moving averages (20, 50, 100, and 200 EMA), which now act as dynamic support zones and strengthen the overall trend reversal setup.
The recent formation of higher highs and higher lows adds to the bullish bias. RSI is also trending in the upper range, suggesting momentum strength.
“As long as the stock sustains above ₹1,212, the uptrend remains intact, with a probable move towards ₹1,385 in the near term,” said Shah.
Vijaya Diagnostic Centre | Previous close: ₹1,112.05 | Target price: ₹1,200 | Stop loss: ₹1,050
Shah said has recently transitioned from a consolidation phase into a strong upward move.
The stock has given a breakout above a declining resistance trendline, which had been capping upside for several months, indicating a shift in overall sentiment.
Price action is now firmly positioned above key moving averages, with the shorter-term averages crossing above longer-term ones, reflecting strengthening momentum.
The recent rally is supported by a steady rise in volumes, highlighting accumulation at lower levels. RSI has moved into a bullish zone, confirming strength.
“As long as the stock holds above ₹1,050, the trend remains positive, with upside potential towards ₹1,200 in the near term,” said Shah.
Read all market-related news
Read more stories by
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.