Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Inox Wind, Symphony and Jyoti CNC are the top stocks to buy today:
INOX WIND: BUY in ₹173–₹170 Range | Stop Loss: ₹162 | Target: ₹190
Inox Wind recently gave a range breakout and has since been consolidating above its 200 DEMA, reflecting underlying strength. The breakout was accompanied by strong volumes, indicating active accumulation.Momentum oscillators are also positively placed, aligning well with the price action. Traders are advised to buy Inox Wind in the ₹173–₹170 range, keeping a stop-loss at ₹162, and targeting ₹190 in the near term.
SYMPHONY: BUY in ₹1184–₹1180 Range | Stop Loss: ₹1140 | Target: ₹1260
Symphony witnessed a sharp decline recently, but has shown a strong recovery from lower levels. A reversal is already visible on the long-term charts, and the daily structure suggests the stock is now turning up after completing a base. It is poised to retest its 200 DEMA and SMA, offering a short-term opportunity. Traders are advised to buy Symphony in the ₹1184–₹1180 range, with a stop-loss at ₹1140, and a target of ₹1260.
JYOTI CNC: BUY at ₹1115 | Stop Loss: ₹1050 | Target: ₹1210
Jyoti CNC is showing strong technical alignment, also backed by positive fundamentals. The stock is breaking out of an inverse head and shoulders pattern on the daily chart, a bullish reversal structure. RSI is about to cross the 60 mark, suggesting building momentum. Traders are advised to buy Jyoti CNC at ₹1115, with a stop-loss at ₹1050, aiming for a target of ₹1210.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
