Top stocks to buy or sell today – Saregama, Jio Fin & Power Grid – check stock recommendations for April 16, 2025

Top stocks to buy or sell today (AI picture)

Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Saregama and Jio Financial Services are the highest stocks to buy today, whereas Power Grid is a sell name:
SAREGAMA LTD: BUY in ₹533–527 Range | Stop Loss: ₹498 | Target: ₹590
SAREGAMA has been sustaining and consolidating above its 200 DEMA for the previous few weeks, indicating energy within the ongoing development.
The stock has now given a transparent breakout from its consolidation vary, forming a basic inverse head and shoulder sample, which generally indicators a bullish reversal.
Additionally, there’s a breakout from the falling trendline, additional reinforcing bullish momentum.
Traders are suggested to buy SAREGAMA within the ₹533–527 vary, with a cease-loss at ₹498, aiming for an upside goal of ₹590 within the coming weeks
JIOFIN: BUY in ₹236–230 Range | Stop Loss: ₹223 | Target: ₹253
After months of consolidation, Jio Financial Services has lastly given a breakout above ₹235, indicating the start of a recent uptrend.
A double backside formation is seen on the ₹203 stage, offering a robust reversal sign.
Additionally, we’re witnessing a breakout within the day by day RSI together with a constructive crossover in ADX (14), each of which additional help the bullish outlook.
Traders are suggested to buy JIOFIN within the ₹236–230 vary, with a cease-loss at ₹223, aiming for an upside goal of ₹253 within the brief time period
POWER GRID: SELL Futures under ₹304 | Stop Loss: ₹310 | Target: ₹292
POWER GRID has rallied considerably from its latest low of ₹247, however now exhibits indicators of exhaustion.
The stock is at present caught close to the 200 DEMA, which is appearing as a robust resistance zone. We are additionally witnessing damaging divergence within the day by day RSI, indicating weakening momentum. With the rally displaying indicators of saturation, some revenue reserving is predicted at present ranges.
Traders are suggested to sell POWER GRID Futures under ₹304, with a cease-loss at ₹310, focusing on ₹292 within the close to time period.
Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t mirror 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 selections.