
Top stock picks by market experts: Recommended stocks to buy today
Subscribe to enjoy similar stories. • Gujarat Alkalies And Chemicals Ltd: Buy above ₹650 | Stop ₹628 | Target ₹695-715 • Suzlon Energy Ltd: Buy above ₹58 | Stop ₹55 | Target ₹65-68 • MRPL: Buy above ₹140 | Stop ₹133 | Target ₹148-153 NMDC Ltd: Buy at ₹70.20 | Target ₹76-78 | Stop loss ₹67 The stock has given a falling wedge pattern breakout with strong volumes (on daily chart). Additionally, the Relative Strength Index (RSI) is above the 60 level, suggesting that the momentum is likely to continue.
Oil and Natural Gas Corporation (ONGC) Ltd: Buy at ₹250.65 | Target ₹267- ₹270 | Stop loss ₹238 The moving average convergence divergence (MACD) line stands at 1.54, currently above the signal line, indicating a bullish crossover and suggesting potential upward momentum. The recent trading volume exceeds the 30-day average, reflecting heightened trading interest and supporting the ongoing trend momentum. The average directional index (ADX) at 39 shows bullishness in this stock.
Punjab National Bank: Buy at ₹97.35 | Target ₹103- ₹105 | Stop loss ₹94 On the daily chart, the stock's RSI is trading above 60, and it is also trading above major exponential moving averages (EMAs). On the hourly chart, the stock has given a rectangle breakout around the 92 level. Expecting the price to reach ₹105 soon.
Buy Lemon Tree Hotels Ltd (current price: ₹140.71) Why it’s recommended: The start of the holiday season, enhanced operational efficiencies, strategic market diversification. Key metrics: P/E: 49.63, 52-week high: ₹162.40, volume: ₹88.60 crore. Technical analysis: Trendline breakout on the daily chart along with strong volume.
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