Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Tech Mahindra, and Trent are the top stocks to buy today:Tech Mahindra – Buy in the range between Rs 1,680 & 1,690; Stop Loss: Rs 1,650; Target: Rs 1,760Tech Mahindra has formed a flag pattern and is expected to break out on the upside. Momentum indicators have also given a positive crossover below the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e. 1389, resuming the uptrend today. The stock is expected to continue the uptrend till the upper end of daily Bollinger band i.e. 1760. Key resistance is 1714 & 1760 and support is at 1650 and 1612. Trent – Buy in the range between Rs 6,190 & Rs 6,210; Stop Loss: Rs 5,860; Target: Rs 6,870Trent has broken out of a bullish flag pattern and has resumed the uptrend. The stock has been consolidating since last week and has taken support at 10 daily moving average i.e. 6012. Momentum indicator has given positive crossover around the zero line. The stock is expected to continue the uptrend till the 61.8% retracement of the entire fall from 8345 to 4488 i.e. 6870. Key resistance is at 6416 & 6870 and support is at 6012 and 5862. 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.
