Stock market recommendations : According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Waaree Energies , Premier Energies , and GMMP Faudler are the top stocks to buy today:
WAAREE ENERGIES: BUY ABOVE ₹2700 | Stop Loss: ₹2550 | Target: ₹3000
Waaree Energies has shown notable resilience over the past few weeks and is currently consolidating in a tight range. The overall trend remains strongly bullish. The stock is now on the verge of a breakout, with ₹2745 being the key level to watch. A decisive move above this can trigger a sharp up-move towards ₹3000–3100. Traders are advised to initiate fresh longs above ₹2700, keeping a stop-loss at ₹2550 and targeting ₹3000 in the near term.
PREMIER ENERGIES: BUY NEAR ₹1000 | Stop Loss: ₹920 | Target: ₹1160
Premier Energies had witnessed a breakout above ₹950 around 16th April, followed by a rally towards ₹1100. Post this move, the stock has retested its breakout level and has now reclaimed its medium-term EMAs. A fresh range breakout has also been observed on the hourly charts, indicating a potential resumption of the uptrend. Traders can consider buying near ₹1000, with a stop-loss at ₹920, and aim for a target of ₹1160.
GMMP FAUDLER: BUY NEAR ₹1070 | SL: ₹990 | TGT: ₹1230
GMMP Faudler appears deeply oversold and is showing a classic positive RSI divergence on the weekly timeframe. On the daily chart, a double bottom formation is visible around the ₹990 zone. These signals collectively point to a high-probability bounce setup. Traders may look to enter around ₹1070 with a stop-loss at ₹990, targeting ₹1230 on the upside.
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.
WAAREE ENERGIES: BUY ABOVE ₹2700 | Stop Loss: ₹2550 | Target: ₹3000
Waaree Energies has shown notable resilience over the past few weeks and is currently consolidating in a tight range. The overall trend remains strongly bullish. The stock is now on the verge of a breakout, with ₹2745 being the key level to watch. A decisive move above this can trigger a sharp up-move towards ₹3000–3100. Traders are advised to initiate fresh longs above ₹2700, keeping a stop-loss at ₹2550 and targeting ₹3000 in the near term.
PREMIER ENERGIES: BUY NEAR ₹1000 | Stop Loss: ₹920 | Target: ₹1160
Premier Energies had witnessed a breakout above ₹950 around 16th April, followed by a rally towards ₹1100. Post this move, the stock has retested its breakout level and has now reclaimed its medium-term EMAs. A fresh range breakout has also been observed on the hourly charts, indicating a potential resumption of the uptrend. Traders can consider buying near ₹1000, with a stop-loss at ₹920, and aim for a target of ₹1160.
GMMP FAUDLER: BUY NEAR ₹1070 | SL: ₹990 | TGT: ₹1230
GMMP Faudler appears deeply oversold and is showing a classic positive RSI divergence on the weekly timeframe. On the daily chart, a double bottom formation is visible around the ₹990 zone. These signals collectively point to a high-probability bounce setup. Traders may look to enter around ₹1070 with a stop-loss at ₹990, targeting ₹1230 on the upside.
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.
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