9 Best Mid-Cap Stocks To Buy Now (Maharatna Stocks)

Best Midcap Stocks To Buy 2020

Pl has recommended 9 technically strong midcap stocks from a 6 month horizon.

The buy recommendations of the best 9 midcap stocks are from PL Technical Research Desk.

The midcap stocks are fundamentally strong.

They are from various diversified sectors such as specialty chemicals, fertilizers, FMCG, Dairy, Automobiles & two wheelers, Airlines, Power and Insurance.

Click here to read the report.

9 Best Mid-Cap Stocks To Buy Now
Stock CMP Target Price
PHILLIPS CARBON 128 180
GNFC 208 300
HIMADRI SPECIALITY 86 115
KRBL 229 280
PARAG MILK 161 260
TVS MOTORS 418 525
SPICEJET 130 180
TORRENT POWER 290 350
RELIANCE NIPPON 265 330




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BUY PHILLIPS CARBON

CMP : 128 |TARGET : 175 -180 | SUPPORT : 105

PHILIPS CARBON has made a decent correction from the higher levels of 179 to 105 where it has taken support multiple times and has almost made a triple bottom formation pattern in the daily chart. The RSI indicator has reversed its trend on the positive side signaling a buy and also with good volume participation, we anticipate the stock to move on further till 175 – 180 level.

BUY GNFC

CMP : 208 |TARGET : 280 -300| SUPPORT : 170

GNFC has taken support near the lower trendline of the channel pattern and is poised to rise further upward to reach new heights. The indicators have been favourable and looks attractive for an up move in the coming days. With also good volume participation supporting our positive bias, we recommend a buy in this stock for an upside target of 280 – 300.

BUY HIMADRI SPECIALITY

CMP : 86 |TARGET : 110 -115 | SUPPORT : 65

The stock has been gradually on a rising trend and is on the verge of a breakout above the 86 levels for further upside movement with rising RSI and favorable indicators maintaining a positive bias. We suggest to buy and accumulate this stock for an upside target of 105 – 110 keeping the support zone near 74 levels.

BUY KRBL

CMP : 229 |TARGET : 260 -280 | SUPPORT : 200

KRBL has been consolidating at around 245 – 210 levels , also taken support near the trendline and currently has produced a positive bullish candle pattern in the daily chart to signify strength and potential to rise further in the coming days. The RSI indicator also has confirmed the buy signal with a trend reversal and we anticipate this stock to rally upto 320 levels. We recommend a buy in this stock .

BUY PARAG MILK

CMP : 161 |TARGET : 230 – 260 | SUPPORT : 130

The stock has maintained the base near 130 levels and picked up momentum with a positive bias and currently has made a higher bottom formation pattern in the daily chart to imply further upside movement with favourable indicators supporting. The stock has rallied with good volume participation and with the positive indicator like RSI , we anticipate this stock to move further upwards to around 260 levels We suggest to buy and accumulate this stock for an upside target of 230 -260 keeping the support near 130 levels.

BUY TVS MOTORS

CMP : 418 |TARGET : 500 – 525| SUPPORT : 350

TVS MOTOR has recovered significantly after it had made a double bottom formation in the daily chart and now is on the verge of a breakout above 408 levels. With RSI on the rise having positive bias and also with decent volume participation, we anticipate the stock to move past the previous high level of 436 – 500 and scale new upper targets. We suggest to buy and accumulate this stock at every decline for upside target of 500 – 525 keeping the support near 350 levels.

BUY SPICEJET

CMP : 130 |TARGET : 160-180 | SUPPORT : 110

The stock has maintained the lower trendline support of the channel pattern at around 123 levels and we anticipate further upside movement in the coming days. The stock has potential to rise till 160 – 180 levels and we suggest to buy and accumulate in decline keeping the support near 110.

TORRENT POWER

CMP : 290 |TARGET : 320 – 350 | SUPPORT : 265

The stock has made a higher bottom formation pattern in the daily chart to imply positive bias for further upside movement and along with the positive RSI trend, the bias has been maintained positive and we anticipate a rally upto 320 – 350 levels in the coming days.

BUY RELIANCE NIPPON

CMP : 265 |TARGET : 300 – 330 | SUPPORT : 220

The stock has maintained a good base near 220 levels and has picked up momentum improving the bias with huge volume participation witnessed. The stock has potential to rise in the near future and we suggest to buy and accumulate this stock for an upside target of 300 -330 keepng the support base near 220 levels.

Click here to download the Research report on Best Midcap Maharatna stocks to buy




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