In the near term, analysts say markets are likely to remain volatile and range-bound, with investors staying cautious until clearer global cues emerge, even as Q4FY26 earnings were slightly better while the outlook for Q1FY27 remains weak.
Here are two stocks to buy on Wednesday
CCL Products – Buy | CMP: Rs 1145 | Stop-loss: Rs 1120 | Target: Rs 1205
CCL Products is showing strong bullish momentum on the weekly chart as the price is trading above all major EMAs (20/50/100/200), confirming a sustained uptrend. The recent breakout above Rs 1,120 with strong volume indicates fresh buying interest, while RSI near 65 reflects healthy momentum without extreme overbought conditions. The structure remains positive as long as the stock holds
above the breakout zone.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
CMPDI – Buy | CMP: Rs 243 | Stop-loss: Rs 237 | Target: Rs 256-268
CMPDI is showing a strong bullish structure on the daily chart with the stock sustaining above the 20 EMA and holding firmly near the Rs 220–225 demand zone highlighted on the chart. Recent price action indicates consolidation after a sharp rally, which is healthy for continuation of the uptrend. Volume activity remains supportive, while RSI near 62 signals positive momentum without entering overbought territory.Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
