

Five stock picks for 18 March, recommended by Raja Venkataraman and MarketSmith India
Subscribe to enjoy similar stories. A leader in power generation, NTPC offers consistent performance. It is also expanding into renewable energy, which makes it a resilient option.
On the chart, the stock price is stabilising around ₹310 after a sharp fall from the highs of September. Constant volatility in the market means trends remain challenged at higher levels. However, looking at the Relative Strength Index (RSI), the trends indicate on a larger timeframe that there is a revival in progress.
Read this | Tile stocks are cracking as companies brace for a muted FY25 finish This could be a good time to consider buying as larger timeframes indicate the important Fibonacci support region has been held since the start of the year. A rebound from here could help the stock scale an important value area around 370 in the next six months. A key player in oil exploration and production, ONGC benefits from government backing and global energy demand.
Read this | ONGC-NTPC joint venture's ₹6,600 crore deal for Ayana Renewable among the largest in India's green energy space After a stellar run, ONGC is facing trouble at higher levels amid a fall in crude prices over the past few months. The sharp drop since September 2024 has caused the stock to slide into a strong support region and the constant rebound from trendline support indicates a positive outlook. The RSI is also attempting to hold back at the neutral zone, showing intention of a reversal.
Hence, this could be a good time to go long as upward potential towards the ₹300 zone is seen over the next six months. A leader in defence electronics, BEL is well-positioned to benefit from increased government spending in the defence sector. Despite the trends facing challenges at
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