Stock market recommendations, Mehul Kothari, according to DVP – Technical Research, Anand Rathi Share and Stock Brokers, Castrol India, Butterfly GandhimathyAnd GM Bruge The top stock pics for today are:
Castrol India: Buy near ₹ 205. Stop Loss: ₹ 185 | Target: ₹ 245
Stock has formed a top of around ₹ 240 and retreated at ₹ 200, supported by 200-Dima, indicating a strong base. Stock has greatly improved the broad market in the last three months, and this retracement suggests a healthy improvement, retaining a rapid trend.
Additionally, DIP offers a good purchase opportunity, in the coming months a potential upside down towards ₹ 245.
Thus, traders are advised to buy CASTROL near CAS 205, targeting ₹ 245 in the next 6-9 months, on a closing basis, with a stop-loss at 185.
Butterfly Gandhimathy: Buy near ₹ 620. Stop Loss: ₹ 560 | Target: ₹ 720
Stock has shown a fast cup and handled the brakeout formed in today’s session, which reverses a possible tendency. A high top, high -lower formation confirms suggest changes of trend.
Price action, combined with strong versions, strengthens the capacity for a good pullback, targets the stock to ₹ 720 in the next 3-6 months.
Thus, traders are advised to buy butterfly Gandhimathy near ₹ 620, targeting ₹ 720 in the next 3-6 months, with stop-loss on Stop 560 based on closing.
GM Bruberries: Buy near ₹ 630. Stop Loss: ₹ 600 | Target: ₹ 690
Stock has shown a positive deviation on the weekly RSI, indicating potentially reverse speed. A double bottom formation around 600 further confirms the rapid setup, suggesting the stock is a candidate for a bounce.
Thus, traders are advised to purchase GM broouries near ₹ 630, targeting ₹ 690 in the next 1-2 months, with stop-loss on Stop 600 based on closing.
Disclaimer: The opinion, analysis and recommendations expressed here are of brokerage and do not reflect the views of the Times of India. Always consult a qualified investment advisor or financial planner before taking any investment decision.
