Latest news with #MehulKothari
Time of India
5 days ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for June 4, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Gujarat State Fertilizers & Chemicals (GSFC), Indegene, and Redington are the top stocks to buy today: GSFC – Positional Buy Buy near ₹209–₹203 | Stop Loss: ₹180 | Target: ₹260 GSFC has witnessed a falling trendline breakout on the weekly chart, indicating a shift in long-term trend. The higher high – higher low structure confirms a reversal from the downtrend. On the daily chart, the stock has reclaimed both 200 DEMA and 200 SMA, reinforcing bullish strength. Weekly RSI is also on the verge of a breakout, hinting at further momentum. INDEGENE – Breakout Candidate Buy near ₹625 | Stop Loss: ₹580 | Target: ₹700 Recently listed Indegene gave a trendline breakout in today's session. The breakout also resembles a bullish flag pattern, a classic continuation setup. The move was accompanied by a noticeable rise in volumes, suggesting fresh buying interest and potential for follow-through. REDINGTON – Pullback Buy Buy near ₹268 | Stop Loss: ₹255 | Target: ₹294 In the first half of May 2025, Redington gave a major breakout above ₹265, followed by a brief rally. The stock has now retested the breakout zone, and turned around after an exact 38.2% Fibonacci retracement of the previous move. A bullish engulfing candlestick on the daily chart supports the case for a renewed upside. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
29-05-2025
- Business
- Mint
Stocks to buy below ₹200: Mehul Kothari of Anand Rathi recommends three shares to buy on Friday
Stocks to buy under ₹ 200: The Indian stock market snapped its two-day losing streak and rebounded on Thursday, May 29, mirroring a rally in global markets as a US court blocked President Donald Trump's reciprocal tariffs. The equity market rose earlier today, driven by information technology stocks The 30-share BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02 in a volatile session amid monthly expiry in derivative contracts. During the day, it rose 504.57 points or 0.62 per cent to 81,816.89. The 50-share NSE Nifty went up by 81.15 points or 0.33 per cent to 24,833.60. The index swung in both directions on the monthly expiry day before ending with gains. Metal, realty, pharma and IT sector indices were major gainers. Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi said that Nifty 50 opened on a positive note but gradually drifted lower through the first half of the session. However, it managed to stage a recovery in the latter part of the day, closing above the 24,800 mark with a gain of 0.33 per cent. On the hourly chart, Nifty has formed a solid base around the 24,700 level, which coincides with the S3 Camarilla weekly pivot—lending technical significance to this zone. Moreover, a bullish divergence is visible on the 15-minute chart, adding to the potential for an upside move. 'As we head into the May 30 session, the 24,775–24,880 zone—defined by the Camarilla pivot band—will be pivotal for determining near-term market direction. A sustained move above this could reignite bullish momentum, whereas a failure to hold above it may lead to renewed selling pressure. Key resistance is seen at 25,000, while immediate support lies at 24,700,' said Kothari. Regarding stocks to buy on Monday, Mehul Kothari of Anand Rathi recommended three buy or sell stocks. The three stocks to buy under ₹ 200 are Suzlon Energy, Tata Teleservices (Maharashtra) Ltd, and Aditya Birla Fashion and Retail Ltd. Energy: Buy around ₹ 65; Target Price: ₹ 69; Stop Loss: ₹ 63 Teleservices (Maharashtra) Ltd: Buy around ₹ 76.50; Target Price: ₹ 82; Stop Loss: ₹ 74 Birla Fashion and Retail Ltd: Buy around ₹ 88.50; Target Price: ₹ 93; Stop Loss: ₹ 86
Mint
29-05-2025
- Business
- Mint
Stocks to buy below ₹200: Mehul Kothari of Anand Rathi recommends three shares to buy on Friday
Stocks to buy under ₹ 200: The Indian stock market snapped its two-day losing streak and rebounded on Thursday, May 29, mirroring a rally in global markets as a US court blocked President Donald Trump's reciprocal tariffs. The equity market rose earlier today, driven by information technology stocks The 30-share BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02 in a volatile session amid monthly expiry in derivative contracts. During the day, it jumped 504.57 points or 0.62 per cent to 81,816.89. The 50-share NSE Nifty went up by 81.15 points or 0.33 per cent to 24,833.60. The index swung sharply in both directions on the monthly expiry day before ending with gains. Metal, realty, pharma and IT sector indices were major gainers. Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi said that Nifty 50 opened on a positive note but gradually drifted lower through the first half of the session. However, it managed to stage a recovery in the latter part of the day, closing above the 24,800 mark with a gain of 0.33 per cent. On the hourly chart, Nifty has formed a solid base around the 24,700 level, which coincides with the S3 Camarilla weekly pivot—lending technical significance to this zone. Moreover, a bullish divergence is visible on the 15-minute chart, adding to the potential for an upside move. 'As we head into the May 30 session, the 24,775–24,880 zone—defined by the Camarilla pivot band—will be pivotal for determining near-term market direction. A sustained move above this range could reignite bullish momentum, whereas a failure to hold above it may lead to renewed selling pressure. Key resistance is seen at 25,000, while immediate support lies at 24,700,' said Kothari.
Time of India
28-05-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 28, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, ITI, Minda Corp, and BLS International are the top stocks to buy today: ITI LTD: BUY NEAR ₹304 | Stop Loss: ₹265 | Target: ₹370 (Positional) ITI Ltd has witnessed a strong breakout after months of consolidation, forming a classic inverse head and shoulders pattern. The breakout has occurred just above the 200 DEMA with humongous volume support, indicating strong institutional participation. Having corrected from ₹600 levels earlier, the stock now shows clear signs of a trend reversal. Traders may consider buying near ₹304 with a stop-loss at ₹265 and a positional target of ₹370. MINDA CORP: BUY NEAR ₹530 | Stop Loss: ₹495 | Target: ₹600 (Short Term) Minda Corp has confirmed an inverse head and shoulders breakout, supported by a strong base near ₹460–470. A trendline breakout has also occurred, further strengthening the bullish setup. Daily RSI has given a fresh breakout above 60, reflecting a momentum shift. Buying is advised near ₹530 with a stop-loss at ₹495 and a target of ₹600 in the short term. BLS INTERNATIONAL: BUY NEAR ₹410 | Stop Loss: ₹390 | Target: ₹450 (Short Term) BLS International has confirmed an inverse head and shoulders pattern breakout. The stock is now trading above key moving averages, and momentum oscillators are positively aligned. The structure indicates short-term upside potential with improving sentiment. Traders can consider entries near ₹410, keeping a stop-loss at ₹390 and targeting ₹450 in the short term. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
21-05-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 21, 2025
Top stocks to buy today (AI image) Stock market recommendations : According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Chennai Petro, Jubilant Pharmova, and ONGC are the top stocks to buy today: CHENNAI PETRO: BUY NEAR ₹670 | Stop Loss: ₹570 | Target: ₹870 (3 Months) Chennai Petro has broken out of a prolonged consolidation phase, forming a classic inverse head and shoulders pattern. The breakout is supported by strong volumes and has occurred above the 200 DEMA, adding strength to the bullish structure. A positive crossover in ADX (14) and a breakout in the weekly RSI suggest trend initiation and fresh momentum. Traders may consider entering near ₹670 with a stop-loss at ₹570 and a target of ₹870 over the next 3 months. JUBILANT PHARMOVA: BUY NEAR ₹980 | Stop Loss: ₹940 | Target: ₹1060 (Short Term) Jubilant Pharmova has broken out above a previous swing high, confirming a range breakout. A double bottom formation is visible on the charts, and RSI has shown a range shift above 60, which indicates bullish momentum. Traders can look to enter on dips near ₹980, keeping a stop-loss at ₹940 and targeting ₹1060 in the short term. ONGC: BUY NEAR ₹250 | Stop Loss: ₹244 | Target: ₹260 (Short Term) ONGC has also witnessed a breakout from its recent trading range. The stock has successfully reclaimed its 200 DEMA, a sign of strength returning to the trend. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo The weekly RSI is turning up from support zones, adding confirmation. Traders may consider buying near ₹250 with a stop-loss at ₹244 and a short-term target of ₹260. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
