These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 30%, according to analysts

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Key Points

But what is more important is that market breadth, which has been under pressure for most of the sessions for the last three weeks, was in the green territory for most of the time..

It is important to keep one eye on market breadth as that would be a more reliable indicator for deciding the strength and possible time frame for which the rally may last..

Another thing which one should monitor closely is when the numbers of how much money has flown to mutual funds in the month of March which would get released in early April..

Also, this would answer the question, whether this is another short term profit booking move or a beginning of a long phase correction and valuation adjustment.During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed..

ET screener powered by Refinitivs Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of buy or "strong buy"..

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