Stock market recommendations:
According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Chennai Petro, Jubilant Pharmova, and ONGC are the top stocks to buy today:CHENNAI PETRO: BUY NEAR ₹670 | Stop Loss: ₹570 | Target: ₹870 (3 Months)Chennai Petro has broken out of a prolonged consolidation phase, forming a classic inverse head and shoulders pattern. The breakout is supported by strong volumes and has occurred above the 200 DEMA, adding strength to the bullish structure. A positive crossover in ADX (14) and a breakout in the weekly RSI suggest trend initiation and fresh momentum. Traders may consider entering near ₹670 with a stop-loss at ₹570 and a target of ₹870 over the next 3 months.
JUBILANT PHARMOVA: BUY NEAR ₹980 | Stop Loss: ₹940 | Target: ₹1060 (Short Term)Jubilant Pharmova has broken out above a previous swing high, confirming a range breakout. A double bottom formation is visible on the charts, and RSI has shown a range shift above 60, which indicates bullish momentum. Traders can look to enter on dips near ₹980, keeping a stop-loss at ₹940 and targeting ₹1060 in the short term.
ONGC: BUY NEAR ₹250 | Stop Loss: ₹244 | Target: ₹260 (Short Term)ONGC has also witnessed a breakout from its recent trading range. The stock has successfully reclaimed its 200 DEMA, a sign of strength returning to the trend. The weekly RSI is turning up from support zones, adding confirmation. Traders may consider buying near ₹250 with a stop-loss at ₹244 and a short-term target of ₹260.
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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