Sensex likely to head towards Mount 34K; 4 stocks which could give up to 14% return

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26 Aug, 2025 12:21

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By Dinesh Rohira

Last week was quite eventful as the Government announced a huge Rs.2.1 lakh crores PSU recapitalization package to boost their balance sheets.

As a result, the market gapped up mid-week and the entire rally of 30%-40% was led by PSU banks.

The S&P BSE Sensex opened the week above 32,400 and witnessed a high of 33,286 and a low of 32,312 closing the week at 33157 while Nifty opened above 10100, made a high of 10366, low of 10124 closing the week at 10323.

The bullish pattern formations have emerged in the candlestick analysis and we expect Nifty to achieve the target of 10500-10700 and Sensex to clock 34100-34300 in the near term.

Here is a list of top 4 stocks which could give up to 14% return in the short term:

Adani Ports and SEZ Ltd: BUY| Stop Loss: Rs420 | Target: 490 | Return 14%

Adani Ports turned bullish from mildly bullish on 26th October 2017. The weekly and the monthly MACD line crossed above the Signal line giving a bullish indicator.

It moved between 414.40 and 439.00 on Friday on a bullish note with an average volume of 5.3mn shares, which is 71 percent of the previous session's volumes. The stock is trading above its 5,20,100 and 200-SMA indicating strength in the signal.

It also made its 52wk high on Friday and is all set to reign Monday’s session. The resistance and support levels are likely to be around Rs448 and Rs423 levels respectively.

Bajaj Auto Ltd: BUY| Stop Loss: Rs3200 | Target: Rs3630 | Return 10%

The stochastic indicators have been favouring a bullish tone and have been strengthening in the last week. Also, the 50-day moving average line crossed the 200-day moving average from below indicating a buy signal.

The momentum seems to be strengthening as volumes have also been picking up over the last week. It looks all set to trend higher in the Monday’s session and we expect healthy call options buying around 3400 levels.

Axis Bank: SELL| Stop Loss: Rs500 | Target: Rs450 | Return 7%

The stock has been trending lower over the past week and further weakness is expected in the counter. The MACD line has given a bearish reversal indicator while the price is trading below its short-term moving averages.

The delivery volumes have been falling indicating low investor participation on back of the poor Q2 results. Keep a watch on the RSI levels as it will soon approach oversold levels over the current quarter.

ITC Ltd: SELL| Stop Loss: 275 | Target: 258 | Return: 4%

The stock has been trending sideways over the past two weeks and lack of any strong visible patterns makes it a hold candidate. A weak engulfing bearish signal is emerging after analyzing its candlestick chart but it’s too early to label it a sell.

The stock has been trending sideways whole August and lower in September and again sideways this month until now and it is expected to show similar behavior going into November.

Disclaimer: The author is Founder & CEO, 5nance.com. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.