Jindal Steel, Bajaj Consumer Care, Navin Fluorine: Up to 22% return potential in 1 month

Stocks To Buy For 1 Month: Leading brokerage firm Axis Direct has recommended three technical picks for the week. The three stocks recommended by the brokerage are Jindal Steel, Bajaj Consumer Care and Navin Fluorine International. Axis Direct said that the three stocks have potential to yield return up to 22 per cent.

Let's take a look at the rationale behind the recommendations and target price below:

Axis Direct has recommended Jindal Steel as one of its top technical picks for the week.

- It said that Jindal Steel is holding firmly above its medium-term uptrend on the weekly chart, which has been in place since February 2025.

- Jindal Steel has broken out above the cup-and-handle pattern at 1,100 with a strong bullish candle, signalling continuation of the medium-term uptrend.

- Additionally, a close above the weekly upper Bollinger Band has generated a fresh buy signal.

- Momentum indicators reinforce the bullish outlook, as the weekly RSI has decisively broken above horizontal resistance around 60 and crossed its reference line, generating a clear buy signal.

- Based on the current technical set up, Axis Direct said that Jindal Steel has potential to show an upside toward Rs 1,295-1,330 levels. Time: 3 to 4 weeks.

Buy range: Rs 1170 to Rs 1146

Axis Direct has also recommended Bajaj Consumer Care shares to buy.

- On the weekly chart, Bajaj Consumer Care remains in a strong uptrend, consistently forming higher highs and higher lows while holding above its upward-sloping trendline.

- Bajaj Consumer Care has delivered a decisive breakout above the medium-term multiple resistance zone around Rs 325, supported by a strong bullish candle, signalling continuation of the uptrend.

- The breakout is accompanied by a surge in volumes, indicating increased participation from market participants.

- Momentum indicators remain firmly bullish, with the weekly RSI trending higher above its reference line and confirming a breakout from an inverted head-and-shoulders pattern, reinforcing the positive outlook.

- Based on current analysis, the brokerage has predicted that Bajaj Consumer shares have potential to rise toward Rs 395-415 levels.

Buy range: Rs 345 to Rs 338

Axis Direct has recommended Navin Fluorine as its another top technical pick for a period of 1 month.

- Navin Fluorine has delivered a decisive breakout above its 13-week consolidation range of Rs 6,230–5,650 on the weekly chart, forming a strong bullish candle and reinforcing the continuation of the medium-term uptrend.

- The breakout is supported by rising volumes, indicating robust market participation.

- The stock earlier found support near the 23% Fibonacci retracement of the January-December 2025 rally at Rs 5,528, forming a solid medium-term base before staging a sharp rebound.

- Momentum indicators reinforce the bullish outlook, as the weekly RSI has decisively broken above the downward sloping trendline and crossed its reference line, generating a clear buy signal.

- Based on current technical analysis, Navin Fluorine has potential to move toward Rs 6,980-7,200 levels.

Buy range: Rs 6350 to Rs 6223

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)