Stock market recommendations:
According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Mazagon Dock, Vascon Engineers, and Thermax are the top stocks to buy today:Mazagon Dock (MAZDOCK) – Mean Reversion OpportunityBuy near: ₹2,700 | SL: ₹2,200 | Target: ₹3,700After falling from its recent peak of ₹3,700, the stock is now testing its 200 DEMA, a zone from where it has historically reversed each year since 2022. This classic mean reversion setup presents a fresh buying opportunity. The long-term structure remains bullish, making this dip attractive for accumulation.
Vascon Engineers – Inverse H&S + Demand Zone SupportBuy near: ₹52 | SL: ₹45 | Target: ₹65The stock remains in a strong uptrend and recently gave a breakout that lacked follow-through due to overall market weakness. It has now retraced to its 200 DEMA, aligning with a potential inverse Head & Shoulders on the weekly chart. This confluence of support and pattern formation suggests a renewed buying opportunity.
Thermax – Retest After Breakout + AccumulationBuy near: ₹3,775–₹3,725 | SL: ₹3,500 | Target: ₹4,250The stock appears to have bottomed out after a sustained correction. A breakout near 17th July was followed by healthy accumulation, and the recent dip seems to be a classic breakout retest. The technical setup suggests a resumption of the uptrend. Buying is advised with a medium-term target of ₹4,250.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
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