Sagar Doshi Picks Amber, BSE & Hindustan Zinc as Stocks to Watch
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Summary: Analyst Sagar Doshi recommends Amber Enterprises, BSE, and Hindustan Zinc amid technical breakouts and momentum.
Markets opened fairly steady today after four straight sessions of gains. The Nifty 50 dipped marginally (about 0.01%), and the Sensex inched up by ~0.06%, as the excitement from RBI reforms and strong pre-earnings news settled into a more cautious mood.
Sagar Doshi (SVP, Research at Nuvama) sees room for selective upside and highlights three names he’s watching: Amber Enterprises, BSE Ltd., and Hindustan Zinc.
Here’s the case he makes:
Amber Enterprises: After breaking out from a “cup and handle” pattern on the weekly charts in September, it seems to have retested that breakout. Doshi sees potential for an 8–10% upside move, especially as the stock is approaching strong closing levels.
BSE Ltd.: The stock reclaimed its 200-day moving average and broke a sloping trendline in place for about 16 weeks. Given current tailwinds in capital markets, Doshi expects this technical reversal to hold.
Hindustan Zinc: It witnessed a breakout above a 16-month falling trendline on both daily and weekly charts, followed by a retest. Doshi believes another move toward 8–10% upside is possible.
Of course, he also cautions that all this depends on the market holding up—some profit booking after the recent run is natural. He suggests stop loss levels:
Amber: ₹8,130
BSE: ₹2,100
Hindustan Zinc: ₹468
Just a reminder: these are analyst views, not iron-clad predictions. It is always a good idea to double-check, watch how the markets move overall, and set the right level of risk.
