Stocks to buy for the short term: Varun Beverages, Havells among 9 technical picks experts recommend for the next 2-3 weeks

Stocks worth buying for the short term: A day after rising 0.61 per cent, Indian stock market benchmark Nifty 50 fell nearly 1 per cent in intraday trade on Tuesday, January 21 due to profit-booking at higher levels.

uncertainty around Donald Trump’s Trade policies, US Fed interest rate trajectory, unimpressive Q3 earnings and foreign capital outflows keep market sentiment fragile.

Experts expect the market to remain fragile in the short term ahead of the Union Budget 2025. They advise to be careful while choosing stocks to buy at this time. Below are nine stocks that analysts recommend buying for the next 2-3 weeks. To keep an eye:

stock to buy

Shiju Koothupalakkal, Technical Research Analyst, PL-Capital – Prabhudas Leeladhar Pvt. Ltd.

HFCL | Back Close: 105.48 | Purchase Limit: from 100 106 | target price: 122 | Fall off: 94 | Gain Probability: 16%

This stock has declined significantly from its peak in the last four months 171. This has indicated a recent trend reversal 92, A pullback is being seen and there is a correction on the bias.

“Further upside is expected, the RSI also confirms a positive trend reversal from the highly oversold zone and gives a buy signal with very high probability visible on the daily chart. The chart technically well placed is and attractive, we suggest buying the stock with an upside target of Keeping stop loss at 122 94,” Koothupalakkal said.

Havells India | Back Close: 1,601.10 | Purchase Limit: from 1,550 1,590 | target price: 1,725 ​​| Fall off: 1,480 | Gain Probability: 8%

The stock which has seen a recent decline has moved closer to the base of the descending channel pattern to take support on the daily chart 1,508 levels.

A pullback has corrected the bias. The RSI has indicated a reversal of the positive trend from the highly oversold zone. This has given a buying signal, with the positive move likely to continue further.

“The chart looks good technically, we expect further upside and suggest buying the stock for an upside target Keeping stop loss at 1,725 1,480,” Kuthupalakkal said.

HBL Engineering | Back Close: 565.35 | Purchase Limit: from 545 565 | target price: 640 | Fall off: 520 | Gain Probability: 13%

The stock has seen a good decline There are signs of reaching 740 and its lower level 525, forms a double bottom pattern on the daily chart. The observed pullback has corrected bias. The RSI has improved nicely, indicating a reversal of the positive trend from the oversold zone to a buying signal.

“With increasing volume participation, we expect further upside in the coming days and suggest buying the stock with upside target Keeping stop loss at 640 520 level,” Kuthupalakkal said.

Vishnu Kant Upadhyay, AVP – Research and Advisory at Master Capital Services

Varun Beverages Back Close: 552.90 | Purchase Price: 550 | target price: 600 | Fall off: 520 | Gain Probability: 9%

Varun Beverages (VBL) has seen a healthy correction, taking prices close to a key demand zone.

The stock continues to trade above the 21-month EMA, which has historically served as a reliable support level, indicating that the long-term bullish structure remains intact.

Volume analysis further strengthens the outlook, as the decline phase was accompanied by a reduction in volume, indicating a lack of aggressive selling pressure.

Furthermore, recent price action shows positive momentum, with reversal signals forming near this strategic support zone.

Nestle India Back Close: 2,214 | Purchase Price: 2,215 | target price: 2,430 | Fall off: 2,090 | Gain Probability: 10%

Nestle India has shown a strong technical setup with a double-bottom formation on the monthly charts, indicating a possible bullish reversal.

The stock is trading comfortably above its 50-month EMA, which has consistently served as a reliable support level in its long-term uptrend.

Volume analysis is in line with the positive outlook, as the recent price correction has been accompanied by increased trading activity, highlighting growing investor interest.

Price action reveals bullish momentum, reinforced by momentum oscillators favoring the buy side.

Apollo Hospital Back Close: 6,780.85 | Purchase Price: 6,825 | target price: 7,420 | Fall off: 6,538 | Gain Probability: 9%

Apollo Hospitals displays a bullish setup as prices traded within a horizontal consolidation box, indicating accumulation at current levels.

The stock has made a strong comeback from the lower boundary of the box, highlighting buying interest near the support areas.

Prices remain above the 50-week EMA, reinforcing the stock’s underlying strength and indicating a continuation of its long-term uptrend.

Volume analysis supports this bullish trend, with the recent rebound accompanied by increased activity, suggesting active participation by buyers.

With the consolidation phase approaching its breakout point, prices are well positioned to move higher.

Mandar Bhojne, Equity Research Analyst, Choice Broking

Inox Green Energy Services | Back Close: 171.72 | Purchase Price: 171.72 | target price: 190, 195 | Fall off: 161 | Gain Probability: 14%

Inox Green Energy is consolidating below a falling trend line and showing signs of a possible breakout. The stock has seen an increase in trading volumes, indicating strong buying interest and further upside potential. “The RSI closed above, with an upward trend at 54.34 Could unlock short term goals of 174 190 more 195. Immediate help available 167, which makes it a good opportunity to buy on dips, while keeping the stop-loss 161 are advised to avoid unexpected reversals,” Bhojne said.

Premier Energy | Back Close: 1,193.95 | Purchase Price: 1,193.95 | target price: 1,300, 1,320 | Fall off: 1,134 | Gain Probability: 11%

Premier Energies is trading within a parallel channel and showing signs of a bullish reversal after bouncing off the lower channel support. This consolidation, supported by a surge in trading volumes, cemented the bullish pattern.

“A continuous close above Could trigger target of Rs 1,200 1,300 more 1,320. On the downside, key support is at 1,160, presents an attractive entry point for investors. To reduce risks, stop-loss 1,134 is recommended,” Bhojne said.

Zaggle Prepaid Ocean Services | Back Close: 536.25 | Purchase Price: 536.25 | target price: 580, 590 | Fall off: 510 | Gain Probability: 10%

Zagg is on the verge of breaking out of the falling trend line on the daily charts. Consolidation of the stock price near the breakout level, accompanied by an increase in trading volume, indicates strong bullish momentum.

The RSI is trending upward at 52.92, suggesting strengthening buying interest.

“A decisive finale above Short term target of 540 can be achieved 580 more 590. On the downside, there is immediate support 525 provides a favorable buying opportunity on dips, with stop-loss recommended 510 to manage risk effectively,” Bhojne said.

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Disclaimer: The above views and recommendations are those of individual analysts, experts and brokerage firms, and not of Mint. We advise investors to consult certified experts before taking any investment decisions.