Jigar Patel Recommends 3 Short-Term Stock Buys: IRCTC, Tata Chemicals, and Colgate-Palmolive

Published By DPRJ Universal | Published on Monday, 23 February 2026

Jigar Patel of Anand Rathi suggests three stocks for short-term buying, amidst a cautiously bullish Indian market outlook where Nifty faces resistance around 25,800-26,000. His recommendations include IRCTC, which showed a Bollinger Band breakout; Tata Chemicals, exhibiting a strong base and regression channel breakout; and Colgate-Palmolive (India), indicated by a strong trending structure and bullish MACD. Each recommendation comes with specific buy zones, stop losses, and upside targets, based on technical indicators for potential gains within one to two weeks.

Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, has provided short-term stock recommendations amidst a volatile Indian market. He notes that the Nifty 50, after failing to sustain above the 26,000 resistance, is in a corrective phase, with a crucial range of 25,350–25,900. While immediate support is at 25,350–25,400, a strong resistance band exists at 25,800–26,000. Despite foreign institutional investor selling, the broader market bias remains cautiously bullish, with signs of selling exhaustion emerging. Patel also highlights critical levels for Bank Nifty, suggesting 61,500–62,000 as major resistance and 59,800–60,000 as crucial support.For short-term investors (one to two weeks), Patel recommends three specific stocks. First, Indian Railway Catering and Tourism Corporation (IRCTC) is a buy in the ₹646–638 zone, targeting ₹702 with a stop loss at ₹612. This is based on a Bollinger Band breakout with strong volume and positive DMI. Second, Tata Chemicals is advised for buying in the ₹718–710 zone, aiming for ₹785 with a stop loss at ₹680. This recommendation stems from the stock forming a strong base, breaking out of its regression channel with high correlation, and supported by robust volume. Lastly, Colgate-Palmolive (India) is a buy in the ₹2,200–2,160 zone, targeting ₹2,450 with a stop loss at ₹2,045, driven by its close above the Alligator indicator, strong DMI, and a bullish MACD crossover, all indicating a strong trending structure. Investors are reminded to consult experts before making investment decisions.