Tata Coffee, MCX, Bajaj Electricals: 5 stocks that can jump up to 25%

Stocks like Bajaj Electricals and NALCO can even surge up to 20 per cent each; while MCX, JK Lakshmi Cement and Tata Coffee are also looking good

Multi Commodity Exchange of India Limited (MCX):
Likely Target: Rs 1,750 and Rs 1,800
Upside Potential: 7% to 10%

After conquering the resistance at Rs 1,650 level in July 2021, the shares of Muti Commodity Exchange of India managed to breakout on the upside. However, selling pressure thereafter forced the stock to retest the consolidation support placed around Rs 1,450 levels. The current reversal and nearing of earlier key levels clearly suggests positive strength can trigger fresh upside towards Rs 1,750 and 1800 in the coming sessions.  CLICK HERE FOR THE CHART

National Aluminium Company Limited (NATIONALUM)
Likely target:  Rs 110 and Rs 118

Upside potential:   12% to 20%

The formation of “Higher High, Higher Low” continues to indicate strength of the current bullish phase. The stock price is expected to gain momentum ahead, with the breakout of “Golden Cross”, as per the weekly chart. As long as the support of Rs 90 is defended, the stock may rally towards the target of Rs 110 and Rs 118 levels.  CLICK HERE FOR THE CHART

Bajaj Electricals Ltd (BAJAJELEC)
Likely target: Rs 1,500 and Rs 1,700
Upside potential:   12.50% to 25%

The shares of Bajaj Electricals conquered the resistance of Rs 1,250 on the back of aggressive volume, thus testifying a decisive breakout. This breakout gives a medium-term bullish outlook and the stock may rally in the direction of Rs 1,500 and Rs 1,700 levels, according to the daily chart. Despite, overbought conditions on the Relative Strength Index (RSI) the stock has not been seeing any major selling pressure, reflects a positive underlying strength.  CLICK HERE FOR THE CHART

JK Lakshmi Cement Limited (JKLAKSHMI)
Likely target: Rs 800 and Rs 830 (after crossing Rs 750)
Upside potential:   7% to 10%

The stock has been hovering around Rs 700 levels since mid-August 2021 and any breakout above Rs 750 may see a sharp surge towards Rs 800 and Rs 820 levels, which are likely to be the next targets. For now, the volume at the counter has been a bit stagnant, any addition to the volume on breakout may see aggressive upside in quick time.  CLICK HERE FOR THE CHART

Tata Coffee Limited (TATACOFFEE)
Likely target: Rs 230 and Rs 240
Upside potential:   5.50% to 10%

A positive close above Rs 218, which has become the immediate hurdle so far may open the door for a rally towards Rs 230 and Rs 240 levels, as per the daily charts. The RSI has a formation of “Inverse Head and Shoulder”, which has broken out at 55 value suggesting an upside outlook for the “stock price”. The immediate support comes around the sentimental level of Rs 200.  CLICK HERE FOR THE CHART