Technical Analyst Soni Patnaik Shares Top Stock Picks
Soni Patnaik, AVP of Derivative Research at JM Financial Services, has identified Muthoot Finance and UPL as her top stock picks for the day, predicting a 4% upside potential for both stocks.
Patnaik recommends buying Muthoot Finance with a target price of ₹1,800-1,820 and a stop loss at ₹1,700. The current price movement suggests a positive trend, making it an attractive buy for investors looking to capitalize on short-term gains.
Similarly, UPL is also highlighted for its potential upside. Investors are advised to look out for similar target and stop loss parameters as they assess the stock’s performance in the market.
Patnaik’s analysis underscores the strength and potential growth in these stocks, driven by favorable technical indicators and market conditions.
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