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Market analyst Simi Bhaumik today recommended three mid-cap stocks for investors to buy to generate high returns. In today’s edition of Special Mid Cap stocks show with Zee Business Managing Editor Anil Singhvi, Bhaumik picked stocks with long term, positional medium term and long term view. These are Adani Green Energy, ABB India, Aptech. (#SPLMidcapStocks)
Long Term Pick: Adani Green Energy Adani Green Energy stock is trading near its long term support zone. Once the stock went below its 50 dma of Rs 985, however, the stock is holding its 100 day exponential moving average. Adani Green Energy stock has formed a strong bottom base around Rs 900 – Rs 920. After double bottom formation on this stock, it can give a breakout after crossing Rs 1016 levels. The stock is showing good momentum in today’s trade. Adani Green Energy target price is Rs 1130 – Rs 1150 and the hold period on the stock would be 3 to 6 months. The stock can run up further than the targets. ....