Ganesh Chaturthi Picks: Eternal, Dmart, Eicher under top stocks to buy with a maximum of 16% upward scope

While India is celebrating the favorable Ganesha Chaturthi Festival, Marktexpert Pravesh Gour, senior technical analyst at Swastika Investmart, has suggested three shares to buy this time for long -term profit. The shares recommended by him include Eicher Motors, Avenue Supermarts and Eternal. This is why

Buy Eicher Motors | Goal: RS 6,800 | Upside down: 11%

Eicher Motors shares are broken from a symmetrical triangular formation on the longer period of time with strong volumes above RS 5,700. After re -testing the RS 5,800 – RS 5,900 zone zone, it started a new rally to RS 6,800. The general structure seems promising for long -term investors, because the shares continue to act above all important advancing averages. An outbreak over RS ​​6000 could pave the road for a movement to RS 6,800 in the short term, while RS 5,900 remains a crucial level of support on the other side.

Buy Avenue Supermarts | Goal: RS 5,300/5,500 | Upside down: 16%

Dmart shares have given a strong outbreak of a long-term symmetrical triangular formation, supported by healthy volumes, which confirms real purchase interest. After consolidating between RS 3,900 and RS 4,400, the price moved decisively above the upper trend line and has since kept well above the Breakout zone, which indicates strength in the current upward trend. The share acts above all important advancing averages, which strengthens the bullish structure. At the top, resistance is placed on RS 5,000, and a persistent movement above this zone can clear the road to RS 5,300 – RS 5,500 in the medium term. On the other hand, RS 4,500 acts as immediate support, with a stronger pillow around RS 4,350 – RS 4,300 near the progressive average cluster.

Buy forever Goal: RS 6,800 | Upside down: 11%

The stock has given a breakout of the flag pattern on the weekly graph and supplied a decisive movement above the most important resistance zone of RS 305, supported by rising volumes, which signals a strong accumulation at lower levels. After the outbreak, it successfully maintained above this level, which changes the resistance to an important support zone. The share is comfortably traded above all important advancing averages and reflects an established upward trend with a positive price structure. The stock could extend its rally to RS 360 – RS 380 levels if it is retained over RS ​​305. On the other hand, RS 305 – RS 300 will act as an immediate support zone, while stronger support is near RS 280.

((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)