Top stocks to buy today: Stock recommendations for August 6, 2025
Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, GRSE, Redington, and Raymond Realty are the top stocks to buy today:
GRSE – Mean Reversion + Weekly Reversal
Buy near: ₹2,650–₹2,600 | Stop Loss: ₹2,300 | Target: ₹3,200
After correcting from the ₹3,600 zone, the stock has formed a reversal candlestick on the weekly chart.
Daily RSI has bounced from support, indicating momentum reversal. With a deep retracement already in place, this becomes a strong bounce candidate.
Long-term structure remains intact.
Redington – Hidden Bullish Divergence + Pullback Setup
Buy near: ₹250 | Stop Loss: ₹224 | Target: ₹300
The stock has corrected nearly 100 points from its top, retracing over 50% of the previous rally. A hidden positive divergence on the weekly RSI is visible, coupled with a reversal candle. This suggests potential for a strong pullback rally.
A favorable risk-reward zone for buying.
Raymond Realty – Momentum Revival After Correction
Buy near: ₹715–₹705 | Stop Loss: ₹665 | Target: ₹800
Though recently listed, the available price action hints that the corrective phase is nearing completion. A 2-hour RSI breakout along with supportive volume action indicates renewed strength. Traders can consider fresh buying for a move towards ₹800.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
18 minutes ago
- Business Standard
Analysts at Motilal Oswal suggest buying these three stocks today; details
The Nifty index opened flattish and after the initial gains, it slipped lower. It failed to hold above 24700 zones and anchored with minor attempts of recovery but it eventually faded. The index slipped to 24465 levels and closed with losses of around 100 points. It formed a bearish candle on the daily frame with a longer upper shadow indicating pressure intact at the higher zones. Now if it manages to hold above 24442 zones then up move can be seen towards 24700 then 24800 zones while supports can be seen at 24350 then 24250 zones. On option front, Maximum Call OI is at 24600 then 24700 strike while Maximum Put OI is at 24500 then 24400 strike. Call writing is seen at 24700 then 24600 strike while Put writing is seen at 24550 then 24600 strike. Option data suggests a broader trading range in between 24000 to 25000 zones while an immediate range between 24300 to 24700 levels. Bank Nifty index opened on a flattish note and extended the momentum towards 55566 marks in the initial hour of the session. However it failed to hold at higher levels and gradually drifted lower towards 55000 zones in the latter part of the session. It formed a bearish candle on daily scale as some pause was seen at higher zones but is hovering near its 100 DEMA. The index has got stuck in a range of 700 points from the last few sessions as momentum is missing on either side. Now it has to hold above 55000 zones for a bounce towards 55250 then 55555 zones while a hold below the same could see some weakness towards 54750 then 54500 levels Buy MCX | CMP 8151 | SL 7855 | TGT 8765 Stock has broken out of a narrow range on the daily scale with a strong bodied bullish candle. The RSI indicator has given a bullish crossover which confirms the positive momentum. Buy | Max Financial Services | CMP 1588 | SL 1520 | TGT 1740 Price has given a range breakout with higher than average traded volumes and surpassed above its 50 DEMA which suggests continuation of the uptrend. The MACD indicator has given a positive crossover to support the up move. Buy Hero MotoCorp | CMP 4645 | SL 4500 | TGT 5000 Stock has retested its breakout from a consolidation zone. Buying was visible across the Auto space which may support the upwards momentum. The ADX line is rising which confirms the strength of the uptrend.
Time of India
19 hours ago
- Time of India
SJVN shares climb 5% despite Q1 profit slump, boosted by revenue growth
SJVN shares rose 5% to Rs 97.64 during Tuesday's trading session, defying a sharp decline in the company's June quarter net profit . The rally came despite a 36% year-on-year drop in consolidated net profit, which fell to Rs 227.8 crore from Rs 357 crore in the same quarter last year. Interestingly, investors appeared to react more positively to the company's revenue performance. Revenue from operations grew 5.4% year-on-year to Rs 917.5 crore, compared to Rs 870.4 crore in the corresponding quarter of the previous year. The stock's gain suggests that the market may be focusing on the company's top-line growth and possibly pricing in expectations of a recovery in profitability in the coming quarters. Technical indicators and price action Over the past month, SJVN's stock has remained largely flat, recording a modest gain of just 1%. The stock has been trading between its 52-week low of Rs 80.50 and its 52-week high of Rs 148.85, indicating a wide trading range and past volatility. The 14-day Relative Strength Index (RSI) for SJVN stands at 39.6, placing the stock in neutral to slightly oversold territory. RSI is a momentum indicator used to gauge whether a stock is overbought or oversold. Readings below 30 suggest oversold conditions (potential buying opportunity), while readings above 70 indicate overbought levels. With an RSI near 40, there's no clear reversal signal, but it suggests the stock may be stabilizing after a dip. On the moving averages front, SJVN is trading above seven of its eight key simple moving averages ( SMAs ) from the 5-day to the 150-day indicating a short- to mid-term bullish trend. However, it remains below the 200-day SMA, which signals the longer-term trend. A move above the 200-day could further strengthen the bullish outlook. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
20 hours ago
- Economic Times
Down 20% from peak, Yes Bank trading below key averages. What's the potential downside?
Yes Bank shares have declined 7% since the announcement of its Q1 earnings on July 19, notwithstanding a strong performance. The stock is currently trading below most of its moving averages, indicating a weak trend. Investors willing to make a move must be mindful of the certain caveats flagged by experts who see further downside in the medium term. ADVERTISEMENT Down by over 20% from the peak of 25.10 hit by Yes Bank on August 13, 2024, the counter has struggled in 2025. It has fallen below 10-day, 20-day, 30-day, 50-day, 100-day and 200-day simple moving average (SMA). The data pertaining to stock price is as on Monday closing. Commenting on the current trends, KKunal V Parar, Vice President - Technical Research and Algo at Choice Equity Broking said that the stock's slip below the 50-day moving average is indicating a prevailing bearish trend."Yes Bank has breached its recent support level, suggesting the potential for further downside movement. The weekly chart also confirms sustained weakness, with the stock continuing to trade in a negative territory. Moreover, the weekly RSI is hovering below the 50 mark and has formed a negative crossover, reinforcing the bearish sentiment,"Parar Choice Broking analyst anticipates further decline towards the Rs 16 level, considering the overall technical structure. He sees strong resistance is placed near Rs 21. ADVERTISEMENT Concurring to Parar's view Anuj Gupta, Director at Ya Wealth Global Research said that the overall trend of yes bank is looking weak as fundamentals do not support the current prices in his view. Gupta sees strong support at 16 followed by 12 while resistance at 24 and next resistance at 28. levels. Unlock 500+ Stock Recos on App Yes Bank's Q1 profit after tax (PAT) stood at Rs 801 crore, up 59% year-on-year and 8.5% quarter-on-quarter. It was the seventh straight quarter of PAT improvement. The net interest income grew 6% YoY to Rs 2,371 while net interest margin (NIM) was up 10 bps YoY while remaining flat on a QoQ basis. ADVERTISEMENT The gross slippages for the lender increased to Rs 1,458 crore (2.4% of advances) versus Rs 1,223 crore (2% of advances) in Q4FY25. Fundamental analyst Kranthi Bathini, Director-Equity Strategy at WealthMills Securities sees the ongoing consolidation to continue with no real movement expected in the medium term. Bathini said that the stake sale in Yes Bank by the State Bank of India (SBI)-led consortium remains an overhang. ADVERTISEMENT Sumitomo Mitsui Financial Group (SMFG) is expected to buy a 20% stake in Yes Bank. On May 9, Yes Bank announced SMBC's plans to acquire a stake from SBI and other Indian banks who had participated in the banks' reconstruction scheme in 2020. The deal size is estimated at Rs 13,480 crore. Also Read: SMFG stake buy in Yes Bank to pave way for other foreign entrants in Indian banking sector: Fitch (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
