Stock market recommendations:
According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are Godrej Properties and Panacea Biotech:Godrej Properties – Double Bottom + Long-term SupportBuy near: ₹2,050–2,020 | SL: ₹1,950 | Target: ₹2,250The stock has been in corrective mode for over a year, falling from ₹3,400 to ₹1,900. It has now retraced 61.8% of its previous rally and is forming a double-bottom pattern near long-term support. Price is hovering around the 200-week EMA & SMA, indicating a strong base. A fresh rally towards ₹2,250 looks likely in the next 3–6 months.
Panacea Biotech – Consolidation Breakout SetupBuy above: ₹438 | SL: ₹420 | Target: ₹476The stock is consolidating in a tight range, and a breakout above ₹438 would confirm bullish momentum. The consolidation is happening above the 200 DEMA, while multiple bottoms near ₹400 suggest a strong base. A breakout could trigger a swift move towards ₹476.
Transformers and RectifiersBuy near: ₹535–520 | SL: ₹487 | Target: ₹608.5The stock has given a range breakout backed by heavy volumes, confirming strength in price action. Daily RSI has broken above 60, signaling fresh momentum, while ADX (14) is nearing 20 — a move above that would accelerate the trend. This setup offers a healthy risk-reward for an upside move towards ₹608.5.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)