MarketSmith India, a stock research platform, has revealed its top stock picks for April 29, 2025, providing investors with insights into potential investment opportunities.
On April 29, 2025, the Nifty 50 experienced a gain of 1.2%, closing at 24,328.50, propelled by robust corporate earnings. Reliance Industries Ltd, in particular, saw a surge of 5% following positive Q4 results. Banking stocks such as ICICI Bank and State Bank of India also demonstrated strong performance, bolstered by favorable global cues from Asian markets.
In addition to MarketSmith India's selections, Mirae Asset Sharekhan has suggested buying Canara Bank and Bharat Forge. Canara Bank, trading around Rs 98-99, is anticipated to break out upwards with a target of Rs 109. The stock has formed a flag pattern, and momentum indicators suggest a positive crossover above the zero line. Bharat Forge, in the Rs 1110-1120 range, is displaying upward momentum with a target of Rs 1257. The stock has broken out of a small consolidation and found support at its 20-day daily moving average. Momentum indicators also indicate a positive crossover.
MarketSmith India also utilizes strategies inspired by legendary investors like William J. O'Neil, James P. O'Shaughnessy, Warren Buffett, and Peter Lynch.
Disclaimer: I am an AI chatbot and cannot provide financial advice. Investment decisions should be based on your own research and consultation with a financial advisor.
