Stocks to buy today: A rally in the US stock markets and positive global cues are expected to create another new history in the Indian stock market today. Sensex and Nifty 50 may open higher today. To bet on such a scenario today, stock market experts have recommended buying six stocks including Havells, Oropharma, Maharashtra Bank, Sobha.
On today’s intra-day stock, Sumit Bagdia, Executive Director, Choice Broking, Ganesh Dongre, Senior Manager, Technical Research, Anand Rathi and Mitesh Karva, Research Analyst, Bonanza Portfolio also gave reasons to buy these stocks.
Sumeet Bagdia stock today intraday
Havells: Buy at ₹1372 with a stop loss of ₹1330 for a target of ₹1454.
Why buy: The current share price of Havells is ₹127.5. This has led to a rounding bottom pattern breakout on the daily chart. It is expected to continue till ₹1454 level. Whereas, there is strong support near ₹1330. The Relative Strength Index is currently at 69, which is trending upwards and indicates increasing buying momentum. Furthermore, the Stochastic Relative Strength Index shows a positive crossover. ,
Oropharma: Buy this pharma stock at ₹1032.85 per share. Keep target at ₹1085 and stop loss at ₹1000.
Why buy: Oropharma is currently at 1032.85. The stock has bounced back from the support limit at 998-1008 levels. Currently, the stock is trading above all important moving averages. Resistance may be seen near its all-time high of 1060. Once the stock crosses this, it may move towards the target price of 1085 and above.
Ganesh Dongre Stocks
Maharashtra Bank: Buy this banking stock at ₹48 and keep a target of ₹52. Keep a stoploss of ₹46.
Why buy: Technically a correction of up to ₹52 can be made. So, keeping the support level of 46, this stock may jump to the level of 52 in short term.
Adornment: Buy it at ₹1,000 for a target of ₹1,052 and set a stop loss of ₹990.
Why buy: On the short-term chart, the stock has shown a bullish reversal pattern, so hold the support level of 990. This stock may jump to 1025 level in short term.
This 25 paise share is worth Rs. 1 lakh investment Rs. 9.64 crores turned over.
Mitesh Karwa Stocks
ibrilast: Buy this stock at ₹95.5-96.2, target ₹103 and stop loss ₹92:
Why buy: A buy recommendation has been initiated on IbriLast with a target of ₹103. A buy-on dip can be initiated in the range of ₹95.5-96.2 with a stop loss below ₹92.
Heritage Food: Buy at ₹246-247 with a stop loss of ₹238 for a target of ₹260.
Why buy: Heritage Foods is seen breaking the trendline resistance at the intraday limit and forming a bullish candle after the breakout. Buy it in the range of ₹246 to 247 with a stop loss of ₹238 for a target of ₹260.
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own and not those of Live Hindustan. The information provided here is only about stock performance and is not investment advice. Investing in stock market is. Subject to risks and advice of your advisor before investing. take.)