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Three stocks to buy today: Ankush Bajaj's top recommendations for 24 December
Subscribe to enjoy similar stories. Stock market recap: Domestic frontline indices, the Sensex and the Nifty 50, ended flat on Tuesday, 23 December, on profit booking at higher levels, even as mid and small-cap segments ended with modest gains amid mixed global cues. The Sensex ended with a minor loss of 43 points, or 0.05%, at 85,524.84, while the Nifty 50 closed 5 points, or 0.02%, up at 26,177.15.
The BSE Midcap index inched up by 0.07%, and the Smallcap index rose by 0.38%. Select heavyweights, such as Infosys, Bharti Airtel, and ICICI Bank, were among the top drags on the benchmarks, while HDFC Bank and ITC were among the key supports. Why it’s recommended: ITC Ltd has formed a double bottom pattern on the daily chart — a classic bullish reversal formation indicating base-building and renewed buying interest.
The Relative Strength Index (RSI) is placed at 57, pointing to strengthening momentum without being overbought. In addition, the MACD has given a positive crossover, further confirming upside bias. The overall setup suggests that the stock could be on the verge of a fresh upward leg if it sustains above key support.
Key Metrics: RSI (14-day): 57 — rising momentum MACD: Positive crossover — bullish confirmation Pattern: Double bottom breakout on daily chart Technical View: Holding above ₹396 keeps the bullish setup intact. A move above ₹410 will accelerate momentum toward the ₹432 zone. Buy at: ₹407.35 Target: ₹432 Stop Loss: ₹396 Why it’s recommended: Tata Steel has witnessed a bullish pennant breakout on the hourly chart, suggesting trend continuation after consolidation.
Read on livemint.comThe same topic in other media
Stocks to buy: Raja Venkatraman's top picks for 5 January livemint.com / 5 months ago
Stocks to buy: Raja Venkatraman's top picks for 2 January livemint.com / 5 months ago
Stocks to buy: Raja Venkatraman's top picks for 1 January livemint.com / 5 months ago
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markets
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
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21.05 / 09:47
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
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UPS
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