Top stocks to buy as we speak: Stock recommendations for February 20, 2025

Top stocks to buy (AI picture)

Top inventory market recommendations: According to Aakash Ok Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Axis Bank, Bajaj Finance and JSW Steel are the highest buy calls for as we speak. Here’s his view on Nifty, Bank Nifty and the highest inventory picks for February 20, 2025.
Index View: Nifty
Nifty made a recent 8 month low in opening commerce for this week however managed to recuperate as its 5 yr trendline assist continues to reel in vary of 22650 – 22800. The index ended its 8 day dropping streak initially of this week. This was Nifty’s sixth try in a span of three weeks whereby it has traded between this assist band and tried to reverse. Bands talked about above proceed to maintain on for this week session as effectively, recent breakdown of cup and deal with sample on sustaining under 22780 whereas quick protecting may decide up solely above 23150.
Bank Nifty
Bank Nifty is forming a piercing sample on weekly charts whereby the weekly candle broke under its earlier week’s low however reversed to pierce greater inside its earlier candle’s physique signally a robust rejection to commerce decrease. Bank Nifty as effectively continues to commerce largely within the band of 48800-49800 for the previous 7 classes. Sustained commerce on both facet is probably going to permit for a recent 1000 pt transfer.
AXIS BANK (BUY):
LCP: 1011.35
SL: 977
TGT: 1061
After forming a bullish engulfing weekly candle initially of the month, AXIS BANK is sustaining its energy. This sample has emerged close to a breakout assist, reinforcing the bullish outlook. The inventory has retraced round 50% of its two-year uptrend and seems poised to resume its upward trajectory.
BAJAJ FINANCE (BUY):
LCP: 8439.45
SL: 8180
TGT: 9030
BAJAJ FINANCE has efficiently damaged out of and retested a key ascending triangle sample that has been forming since 2022. The retest has held, and the breakout is gaining momentum, positioning the inventory for a possible transfer greater. This energy may drive the refill by 6-8%, opening the door for new highs.
JSW STEEL (BUY):
LCP: 977.35
SL: 954
TGT: 1032
JSW STEEL is regaining energy after retracing 61.8% of its prior up-move from the 52-week low to excessive. A powerful bullish divergence on the every day chart reinforces confidence, whereas the inventory’s decisive transfer above its 200-day shifting common (positioned roughly 4% away from present costs) additional helps the optimistic outlook.
Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t replicate the views of The Times of India. Always seek the advice of with a professional funding advisor or monetary planner earlier than making any funding choices.