Midcap & Smallcap Trade Ideas: SEBI RA Sees Upto 30% Upside In These Three Stocks

Paradeep Phosphates, Track Precot, and Hind Rectifiers have seen strong bullish momentum, supported by volume and RSI.

With bullish momentum backed by volume and momentum indicator readings, SEBI-registered analyst Vinay Taparia has identified three stocks that could deliver returns of up to 30% over the next 6 to 9 months, provided key support levels are maintained.

Let’s take a look at his stock recommendations:

Paradeep Phosphates

Paradeep Phosphates has formed a good bullish candle with high volume on Monday. The stock is expected to move to ₹240-₹250 levels within the next 6 to 9 months. But a close below ₹182 negates this view.

Track Precot

Track Precot has given a good breakout on Monday with high volumes. Its Relative Strength Index (RSI) is also above 60. The stock is expected to move to ₹720 levels within the next 6 to 9 months; a close below ₹590 would negate this view.

Hind Rectifiers

Hind Rectifiers has achieved a significant breakout with a substantial volume. RSI is also above 60. The stock is expected to move to the ₹1,680 level within the next 6 to 9 months, with the ₹1,350 level acting as support. A close below ₹1,325 negates this view.

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