Analysts Reveal Top Stock Buy Ideas for November 17: Lupin, Jio Financial Services, Bharat Forge Featured

Stock Investment Ideas

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Updated on 16 Nov 2025, 01:20 pm

The Indian equity market experienced moderate gains on November 14, with the Nifty 50 index closing 0.1 percent higher. However, market breadth was skewed towards declining shares, indicating underlying weakness. Experts are providing short-term trading ideas based on technical analysis.

Rajesh Palviya, Senior Vice President Research at Axis Securities, suggests buying Lupin, Universal Cables, and Bharat Forge. Lupin shows a decisive breakout above its one-year trendline resistance with rising volumes and strong momentum indicators. Universal Cables has confirmed an inverse head-and-shoulders pattern with heavy volumes. Bharat Forge has surpassed multiple resistance zones supported by strong volumes and rising moving averages. All three are recommended for buying, holding, and accumulating, with specific price targets and stop-losses provided.

Osho Krishan, Chief Manager at Angel One, highlights Jio Financial Services, Life Insurance Corporation of India (LIC), and Marico. Jio Financial Services shows a positive crossover in RSI and a descending trendline breakout after retesting its 200-day EMA. LIC has shown signs of base formation with volume traction and favourable technical parameters including a bullish SuperTrend signal. Marico is trading above its 20-day EMA with a bullish bias and positive MACD crossover. Buy recommendations are given with targets and stop-losses for these stocks.

Anshul Jain, Head of Research at Lakshmishree Investments, identifies Nuvama Wealth Management, Fabtech Technologies, and AGI Infra as top picks. Nuvama Wealth Management is forming a bullish Cup & Handle pattern with significant institutional volumes. Fabtech Technologies has achieved an IPO-base breakout and is forming a tight flag pattern. AGI Infra is displaying bullish tightening action after a shakeout, characterized by inside bars and low-volume consolidation. These are recommended for buying with detailed targets and stop-losses.

Impact These stock-specific recommendations, based on technical analysis, could lead to increased investor interest and potentially drive up the prices of the mentioned stocks in the short term. If these bullish setups materialize, they might contribute positively to the overall market sentiment for these particular companies and their sectors. The collective investor reaction to these 'buy' calls could influence trading volumes and price movements for Lupin, Universal Cables, Bharat Forge, Jio Financial Services, Life Insurance Corporation of India, Marico, Nuvama Wealth Management, Fabtech Technologies, and AGI Infra. Rating: 7/10

Difficult Terms * **Nifty 50**: India's stock market index comprising the 50 largest companies listed on the National Stock Exchange, representing the market's overall performance. * **Market Breadth**: A technical indicator that assesses the extent of a stock market's movement by comparing the number of advancing stocks to declining stocks. * **Bears**: Investors who expect prices to fall and tend to sell. * **Trendline Resistance**: A diagonal line drawn on a stock chart that connects a series of price peaks, indicating a level at which selling pressure may emerge. * **Bollinger Bands**: A volatility indicator consisting of an upper and lower band plotted two standard deviations away from a simple moving average, used to gauge price levels. * **RSI (Relative Strength Index)**: A momentum indicator that measures the speed and change of price movements, typically used to identify overbought or oversold conditions. * **SMAs (Simple Moving Averages)**: An average of a stock's prices over a specified period, used to smooth out price data and identify trends. * **Inverse Head-and-Shoulders Pattern**: A bullish chart pattern that signals a potential reversal of a downtrend, characterized by three troughs. * **EMAs (Exponential Moving Averages)**: A type of moving average that places greater weight on recent prices, making it more responsive to current market changes. * **SuperTrend Indicator**: A trend-following indicator that plots a trend line above or below the price to show the trend direction and potential exit points. * **MACD (Moving Average Convergence Divergence)**: A momentum indicator that shows the relationship between two exponential moving averages of a security's price, used to identify trend changes. * **Cup & Handle Pattern**: A bullish continuation pattern that indicates a period of consolidation and potential further upward movement. * **Flag Pattern**: A chart pattern formed after a sharp price increase, indicating a pause before the uptrend continues. * **Inside Bars**: A candlestick pattern where the high and low of a bar are contained within the high and low of the previous bar, signifying consolidation. * **Shakeout**: A rapid, sharp decline in price designed to force investors to sell, often preceding a price recovery. * **Consolidation**: A trading range where a stock's price moves sideways without a clear trend, indicating a pause in price action. * **Supply Absorption**: When buyers step in and purchase all available shares at a certain price level, indicating strong demand and potentially preventing further price declines.