Analyst Sees Bright Prospects for 3 Stocks Despite Tariff Jitters; Nifty Could Hit 26,200 by Year-End
Facebook
Twitter
LinkedIn
WhatsApp
Summary: Analyst Shiju Koothupalakkal likes Waaree Energies, ITC Hotels, and TVS Motor. He thinks that Nifty will reach 26,200 by the end of the year, even though there are worries about U.S. tariffs.
According to Shiju Koothupalakkal, a Technical Research Analyst at PL Capital, while the U.S tariffs remain vague, some stocks still may flourish. According to him, Waaree Energies, ITC Hotels, and TVS Motor will do well in the next three to four months.
Koothupalakkal also holds a bullish outlook for the Nifty 50, predicting it could climb to 26,200 by year-end if the index stays above its crucial 200-period moving average support near 24,000. “The broader market may be range-bound right now, but as long as key support levels hold, there’s room for optimism,” he explained. However, he cautioned that slipping below 24,000 could trigger profit booking and a deeper correction.
His top picks:
TVS Motor (₹2,990) – Recently bounced strongly from its 50-day EMA at ₹2,800 and broke past its previous peak of ₹2,960. Targets: ₹3,270 and ₹3,440. Stop loss: ₹2,800.
Waaree Energies (₹3,085) – Holding firm near its 50-day EMA (~₹2,995). A breakout above ₹3,340 could push it toward ₹3,600 and ₹3,760. Stop loss: ₹2,900.
ITC Hotels (₹240) – On a steady uptrend, making higher lows and staying above its 50-day EMA (~₹224). Targets: ₹264 and ₹287. Stop loss: ₹224.
Koothupalakkal’s strategy is simple—focus on fundamentally strong stocks showing solid technical patterns and keep an eye on the market’s key support levels. If those supports hold, he believes investors could see healthy gains despite the macroeconomic noise.
