Best stocks to buy today: MarketSmith India’s top recommendations for 27 March
Sai Life Sciences
Current market price: ₹739.45 | Buy range: ₹720–745 | Profit goal: ₹865 | Stop loss: ₹678 | Timeframe: 2–3 months.
Varun Beverages Ltd
Current market price: ₹528 | Buy range: ₹510–532 | Profit goal: ₹615 | Stop loss: ₹488 | Timeframe: 2–3 months.
Also read: Is the cement sector consolidation at its fag end?
Three stocks to buy today, recommended by market expert Ankush Bajaj
RBL Bank
Buy at ₹179 | Target ₹188- ₹192 | Stop loss ₹173.80
The stock gave a rectangle breakout yesterday. Also, one can see a long consolidation on the chart between 150 and 180. The one-hour RSI is at 64, indicating strong momentum.
Solar Industries India Ltd
Buy at ₹10,980 | Target ₹11,375 | Stop loss ₹10,725
On the hourly chart, the stock has given a falling wedge breakout at the 10,000 level and has rallied up to 11,000. The bullish momentum is still intact on the hourly chart, and the stock continues to form a higher-high-and-higher-low pattern.
Pidilite Industries Ltd
Buy at ₹2,845 | Target ₹2,955-2,975 | Stop loss ₹2,760
The stock’s hourly RSI is at 60. It has also given a breakout on the upper side from a falling wedge channel pattern. Volume was high yesterday, and strong buying was seen in the last half-hour of the trading session. A good rally is expected in this stock in the coming days.
Also read: Nifty rejig and the problem with index-based valuation
Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman
Ambuja Cements Ltd
Buy ₹535 | Stop loss ₹520 | Target ₹575-590
After a sharp drop in the past few weeks, prices are showing positive divergence in the last few days, indicating an inclination to resume the upward move. A long body candle close in the past two trading sessions highlights continued positive sentiment. As momentum is seen rising above important RSI zones, consider going long.
JTEKT India
India Ltd: Buy ₹135 | Stop loss ₹131 | Target ₹141-144
While the markets, especially the mid-caps have been facing the heat, this counter managed to withstand the pressure and is now showing signs of a revival. The strong showing on Monday despite the avalanche of selling across the market highlighted the probability of some trended action, while the trends in associated stocks have been on the decline. The sharp move above the cloud region on the intraday timeframe suggests that some steady ascent is possible in the next few days.
Blue Dart Express Ltd
Buy ₹6,350 | Stop loss ₹6,150 | Target ₹6,850-7,000
This transportation counter, after a long period of consolidation, shows the selling pressure has gained significant momentum as the trends began to gather steam and treaded higher. A rise after a sharp fall indicates the onset of a new phase of upward momentum. Also, with the RSI showing more strength, one may look to buy now.
Also read: BHEL rides thermal power revival—can it keep up with demand?
About the analysts:
Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.
MarketSmith India: Trade name: William O’Neil India Pvt. Ltd. Its Sebi-registered research analyst registration number is INH000015543.
Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Disclaimer: The views and recommendations given in this article are those of individual analysts and do not represent the views of Mint. We advise investors to check with certified experts before making any investment.