Stocks to buy for short term: PFC, Delhivery among 6 stocks experts recommend for next 1-2 weeks

Stocks to buy for the short term: Domestic market benchmarks traded with modest gains on Tuesday, 23 June, morning, with focus staying on the US-Iran talks.

The first round of high-level talks between the US and Iran in Switzerland concluded early Monday. Reports suggested that further negotiations will continue through the week to secure a lasting agreement to end the conflict.

Experts believe the market structure is positive, but 24,200 remains a key hurdle for the Nifty 50.

Vishnu Kant Upadhyay, AVP-Research at Master Capital Services, noted that sentiment appears positive in the short term, as the index is decisively sustaining above its short-term moving averages, while key oscillators like RSI and MACD are also in positive territory.

As per Upadhyay, the Nifty 50 has support at 23,800 and 23,650, while resistance is at 24,200 and 24,400.

"Prices are currently facing resistance near 24,200, the vicinity of 100-day EMA, which indicates profit booking in the near term towards the 23,800-23,700 zone, where fresh buying can be initiated. On the higher side, 24,200 and then 24,450, the vicinity of the 200-day EMA is a major resistance zone. Overall, initial tendency remains positive, and buy the dip remains favourable to play with," said Upadhyay.

Vishnu Kant Upadhyay of Master Capital Services and Aakash Shah of Choice Broking recommend the following six stocks to buy for the next 1-2 weeks.

Upadhyay pointed out that PFC shares have delivered a clear-cut bullish reversal breakout from a double bottom formation on the daily chart, signalling a shift in trend after a prolonged corrective phase.

Notably, the pattern was formed around the 200 EMA, which also coincides with a rising trendline support, enhancing the reliability of the reversal setup.

The breakout was accompanied by a significant surge in volumes, reflecting strong buying participation.

"With this move, the stock has reclaimed all its key moving averages, reinforcing the improving technical outlook. The chart structure is gradually transitioning into a higher high, higher low formation," said Upadhyay.

As per Upadhyay, Acme Solar shares continue to exhibit a strong bullish setup on the daily chart.

Following its all-time high breakout above ₹320, the stock entered a healthy consolidation phase around the rising 21 EMA, forming a classic bullish flag pattern.

Notably, the consolidation was accompanied by muted volumes, indicating an absence of significant selling pressure and suggesting a pause within the broader uptrend.

The recent breakout from the flag formation signals a continuation of the prevailing bullish trend.