HEG, Linde: Despite 50% rally in Feb, these 14 stocks can rise another 25%

The technical outlook continues to show more upside in these stocks

Nearly 67 stocks in the Nifty500 index have surged over 25 per cent in the current month of February, so far. In the last 14 sessions, these stocks have shown tremendous strength and momentum with market participants getting aggressively active. These stocks are also witnessing a sharp increase in volumes as compared to the previous month. In fact, a few of these stocks have seen twice the addition in volumes.

Among these, Adani Enterprises, Adani Transmission Limited, Bank of India, Linde India Limited and NCC Limited have risen over 50 per cent in the current month. The technical outlook continues to show more upside, with the stocks gaining momentum in the overbought territory of the Relative Strength Index (RSI). One can expect another 20-25 per cent upside in these stocks from here on, charts suggest.

source: spidersoftwareindia.com

Meanwhile, other mid-cap stocks like Gujarat State Petronet Limited and AU Small Finance Bank Limited have started building positive sentiment with a strong monthly bullish candle. Besides, small-cap stocks like Bajaj Electricals Limited, Karur Vysya Bank Limited, and Deepak Nitrite Limited have been on the radar of traders and investors as they show are showing further upside.

source: spidersoftwareindia.com