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.
You may also like
Nyrraa M Banerji reveals birthday plans: Nothing extravagant
Military chiefs, CDS brief President Murmu on 'Operation Sindoor'
Phil Mickelson and Dustin Johnson snubbed from Ryder Cup dinner as Bradley speaks out
Heavy rain forecast in Western Ghats, interior TN districts till May 16
Katie Price 'strangled and spat on' by ex and devastating reason she couldn't leave
