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PI Ind, Hero Moto, Insecticides India: Analyst pick 3 stocks to buy today
Stocks to Buy Now
PI Industries share:
Buy above ₹3,780
Stop loss: ₹3,630
Share price target: ₹4,050
PI Industries share price has taken support at the 50-EMA on the monthly chart and rebounded above the 21-EMA and 9-EMA, indicating a strong positive trend. On the daily chart, PI Industries stock is moving within a rising parallel channel, with a recent shortfall near the lower band suggesting potential for an upward breakout. Increased volumes on buying days signal strong buyer interest. Additionally, the RSI is positioned in the higher zone, supporting bullish momentum. Overall, the technical setup indicates strength, with expectations of further upside
Buy between ₹750-810
Stop loss: ₹650
Share price target: ₹1,100-1,300
On the weekly time frame, Insecticides share price has given a breakout above its 23-week resistance, indicating a bullish shift in trend. A decline in volume on sell days, coupled with a steady rise during buy days, suggests accumulation by market participants. The share price is trading above major EMAs, reinforcing the positive trend. The RSI is moving in the northern direction, supporting the ongoing price action. Additionally, the DI+ is above DI−, confirming the uptrend, while the ADX above DI− signals strength in the current move. Overall, the stock reflects a strong bullish structure with potential for further upside.
Hero MotoCorp share:
Buy between ₹4,200-4,350
Stop loss: ₹3,900
Share price target: ₹5,050-5,300
Hero MotoCorp share price appears to be riding the third sub-wave of its first impulsive wave, suggesting the early stages of a larger uptrend. The stock is trading above its major EMAs, which supports the bullish momentum. An increase in volume during recent sessions indicates growing buying interest. The Directional Indicator shows DI+ above DI−, confirming the uptrend, while the ADX trading above DI− signals strength in the current move. This confluence of wave structure, moving averages, volume, and directional indicators suggests a strong bullish setup with potential for continued upside in the near term.
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The ratio chart of Nifty Realty vs. Nifty is at a 20-week high, clearly reflecting sustained outperformance. Technically, the index is trading well above its short and long-term moving averages, all of which are sloping upward—a sign of strong trend strength. The daily RSI is in the super bullish zone and continues to rise, suggesting the momentum is intact and further upside is likely in the coming sessions. Among stocks, DLF, Godrej Properties, Oberoi Realty, Arkade Developers, and Sobha Developers are showing strong technical setups and remain the preferred picks from the space. Your take on Bajaj Finserv after the block deal. Stock absorbed it pretty well, and in fact, it closed over 2% higher. What do the charts say? The stock of Bajaj Finserv has taken support near its 100-day EMA level and thereafter witnessed a smart rebound. However, despite this bounce, the stock continues to trade within a broader sideways range, and strong directional momentum is yet to emerge. The daily RSI has remained in a sideways trajectory for the past 27 trading sessions, as per RSI range shift rules, reflecting a lack of sustained trend strength. For now, a decisive breakout above the upper end of the consolidation range is needed to confirm a trend reversal and attract follow-through buying. Until then, the stock may continue to move in a range-bound manner with a slightly positive bias. Let's have your take on a few stocks near their all-time high- MCX, Bharti Airtel, IndiGo, SRF MCX: The stock has witnessed a strong bullish momentum in the last couple of trading sessions. On a daily scale, it has formed a Record Session Count candlestick pattern, which suggests stock is in an overbought zone. Hence, we believe it is likely to slid into the period of consolidation. Bharti Airtel: The stock is in sideways zone. IndiGo: The stock is oscillating in the zone of 5665-5230 level. SRF: The stock has given a horizontal trendline breakout on a daily scale. 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This rebound is technically encouraging and points towards the continuation of bullish momentum in the near term. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
