Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Inox Wind, Symphony and Jyoti CNC are the highest stocks to buy at this time:
INOX WIND: BUY in ₹173–₹170 Range | Stop Loss: ₹162 | Target: ₹190
Inox Wind lately gave a spread breakout and has since been consolidating above its 200 DEMA, reflecting underlying energy. The breakout was accompanied by robust volumes, indicating energetic accumulation.Momentum oscillators are additionally positively positioned, aligning properly with the worth motion. Traders are suggested to buy Inox Wind within the ₹173–₹170 vary, maintaining a stop-loss at ₹162, and focusing on ₹190 within the close to time period.
SYMPHONY: BUY in ₹1184–₹1180 Range | Stop Loss: ₹1140 | Target: ₹1260
Symphony witnessed a pointy decline lately, however has proven a robust restoration from decrease ranges. A reversal is already seen on the long-term charts, and the every day construction suggests the inventory is now turning up after finishing a base. It is poised to retest its 200 DEMA and SMA, providing a short-term alternative. Traders are suggested to buy Symphony within the ₹1184–₹1180 vary, with a stop-loss at ₹1140, and a goal of ₹1260.
JYOTI CNC: BUY at ₹1115 | Stop Loss: ₹1050 | Target: ₹1210
Jyoti CNC is exhibiting robust technical alignment, additionally backed by optimistic fundamentals. The inventory is breaking out of an inverse head and shoulders sample on the every day chart, a bullish reversal construction. RSI is about to cross the 60 mark, suggesting constructing momentum. Traders are suggested to buy Jyoti CNC at ₹1115, with a stop-loss at ₹1050, aiming for a goal of ₹1210.
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 selections.