Stock market recommendations:
According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Dabur and Gail are the top stocks to buy today:Dabur – Buy in the range between Rs 480 & Rs 488; Stop Loss: Rs 467; Target: Rs 519Dabur has broken out of a downward slopping trend line and expected to resume the uptrend. Momentum indicators has also given a positive crossover below the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e. 477, resuming the up trend today. The stock is excepted to continue the up trend till the previous swing high i.e. 519. Key resistance is 494 & 519 and support is at 477 and 467.
Gail – Buy in the range between Rs 188 & Rs 191; Stop Loss: Rs 182; Target: Rs 213Gail has broken out of a bullish flag pattern and expected to resume the uptrend. The stock has been consolidating since last week and has taken support at 40 daily moving average i.e. 182. Momentum indicator has given positive crossover below the zero line. The stock is excepted to continue the up trend till the previous swing high i.e. 213. Key resistance is at 197 & 213 and support is at 182 and 178.
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.
Stay informed with the latest business news, updates on bank holidays and public holidays.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The TOI Business Desk is a vigilant and dedicated team of journal...
Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
Read Less
Start a Conversation
Post comment