
Four midcap stocks have caught SEBI-registered analyst Vinay Taparia’s attention after giving high-volume breakouts on the charts, signaling potential multi-month rallies.
Strides Pharma, Zuari Industries, Gateway Distriparks, and Apcotex Industries are showing bullish technical setups, with upside potential of 25% to 30%. But Taparia cautions that any close below key support levels could invalidate this outlook.
Let’s take a look at his recommendations:
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Strides Pharma Science
Strides Pharma has made new highs with huge volumes. The stock can move to the ₹1,200 level in the next 12 months. But a close below ₹895 invalidates this outlook.
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Zuari Industries
Zuari has given a good breakout with huge volumes. The stock can move to ₹340-₹380 in the next six to twelve months, but a close below ₹260 negates this view.
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Gateway Distriparks
Gateway Distriparks has broken out of base with huge volume. Its Relative Strength Index (RSI) is also showing strength. The stock can go to the ₹82-₹90 level in the next nine to twelve months. A close below ₹63 negates this view.
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Apcotex Industries
Apcotex gave a good breakout with huge volume. RSI is above 70. The stock can move to ₹470-₹540 in nine to twelve months. A close below ₹380 negates this view.
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