Stock market recommendations, According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Patanjali, Bharat Rasayan and Oil India are the Top Stock Picks for Tode:
Patanjali: Buy Near ₹ 1800 | Stop Loss: ₹ 1720 | Target: ₹ 2000
After consolidating Between ₹ 1900 – ₹ 1700 for the Past Four Months, The Stock has shown resilience with no major declines, making it a safe bet in the current environment. A Breakout Above ₹ 1900 Cold Indicate Further Strength. Traders are advised to go long near ₹ 1820, with an upside target of ₹ 2000 and a stop-blue at ₹ 1720 on a daily closing Basis.
Bharat Rasayan: Buy Above ₹ 9900 | Stop Loss: ₹ 9200 | Target: ₹ 11500
The stock formed a top Above ₹ 14,000 in September, Followed by a Sharp Correction of Around 35%. It has retraced 78.6% of its Previous Rally. A Reversal Candlestick Pattern on the monthly Chart Signals a Potential Rebound. We expect some bounce on the stock starts trading Above ₹ 9900. Traders are advised to go long only Above ₹ 9900, with an upside target of ₹ 11500 and a stop-Loss at ₹ 9200 on a Daily Closing Basis.
Oil India: Buy Above ₹ 415 | Stop Loss: ₹ 395 | Target: ₹ 455
Despite Today's Market Crash, The Stock Closed with Gains, Indicating Strong Resilience. A Reversal Candlestick Pattern is Visible on the Daily Chart, and A Triple Bottom Formation Near ₹ 395 Further Supports A Potential Upward Move. Traders are advised to go long about ₹ 415, with an upside target of ₹ 455 and a stop-level ₹ 395 on a daily closing base.
Disclaimer: The opinions, analyses and recommendations Expressed here therein are that 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 Investments Decisions.
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