Israel -ran war: dmart to eicher motors-jigar patel of anand rathi recommends 3 stocks to buy for the short term

Stocks to buy for the short term: Indian Stock Market Benchmarks, The Sensex and the Nifty 50, Crashed Over a per cent Each in Intraday Trade on Manday, June 23, As Israel-Riran War Escalates Further, Crude Oil PRICES ROIL PRICES RESE SHARPLE and Investors Dump Riskier Equites and rush to safe haven assets.

As it is difficult to predict the traffic Traders to remain vigilant.

“A Decisive Breakout Above 25,300 Block Pave the Way for A Sustained Rally Toward 25,500-25,600. Convercely, any Faltering Near Current Levels Could Signal Renewed Caure. Support Lies at 24,700, with a Stronger Floor 450.

Stock picks for the short term

Jigar Patel recommends buying shares of dmart, eicher motors and biocon for the next two to three weeks.

Eicher Motors | Previous close: 5,525 | Target price: 5,900 | Stop Loss: 5,300

Over the past month, eicher motors have witnessed a healthy correction of approximately 12 per cent from its recent peak of 5,906.

Notable, the stock has established a firm base over the last 15 trading sessions, consolidating between its 50- and 100-day exponational moving average- a sign of Stabilizing Price Action.

In the latest session, eicher decisively broke out of a dual descending trendline, supported by a steadily improvement related to life index (rsi), which has causesstant Stands at 61.42.

“The confluence of favorite technical indicators positions eicher as an attractive long candidate. Traders may consider initiating positions in the 5,530–5,480 range, targeting 5,900, with a stop loss placed beLow 5,300, “said patel.

Avenue Supermarts (DMART) | Previous close: 4,300.30 | Target price: 4,700 | Stop Loss: 4,100

Following a steep decline from its recent high of 4,557, dmart has entered a consolidation phase, Forming a strong base Around the confluence of its 50-, 100-, and 200-day exponational moving average (Dema).

Notably, the stock has triggered a bulish golden crossover, with the 50-dima moving above the 200-dima-a technically significant development often interpreted as a prior to user to use.

Adding weight to the bulish bias, the stock has also broken out of a descending trending, indicating a potential trend revered.

“Given this Confluence of Positive Technical Signals, Traders May Consider Initiating long positions in the 4,300–4,250 zone, with an upside potential toward 4,700. A stop loss should be maintained beLow 4,100 on a daily closing Basis, “Patel said.

Biocon | Previous close: 351.35 | Target price: 385 | Stop Loss: 332

Biocon has recently established a robust base Around the confluence of its 50-, 100-, 200-day exponitive moving average (dema), dema, signalling price stability after a period of consolidation. A Golden Crossover-With the 50-Dema crossing Above The 200-Dema-Further Reinforces The Emerging Bulish Sentimen.

On June 19, 2025, the stock also formed a bullish harami candlestick pattern, accounable by a close about the R3 Camarilla Monthly Pivot, Strengthaning The Technical Outlook. This alignment of key indicators sugges a potential UPSIDE MOVE.

“Traders may consider initiating long positions in the 353–348 range, with a projected target of 385. A Protective Stop Loss Should Be Placed Below 332 on a daily closing Basis to Manage Risk Effectively, “said patel.

Read all market-Related news here

Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investment Decisions, As Market Conditions Can Change Rapidly, and Circumstances May Vary.