Stock Market Recommendations for March 18, 2025
According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Trent and Bharat Forge are the top stocks to buy today.
Trent - A Strong Buy
Buy in the range between Rs 5140 & Rs 5165; Stop Loss: Rs 5000; Target: Rs 5350
Trent is currently trading above its 20 Daily Moving Average (5095) and has broken a small consolidation on the upside today. The momentum indicator has also given a fresh positive crossover above the zero line. After correcting from a peak of 7493 to lows of 4715, the stock is expected to bounce till the 40 DMA at 5350. Key support levels are at 5000 & 4960, with resistance at 5300 and 5350.
Bharat Forge - A Promising Investment
Buy in the range between Rs 1065 & Rs 1085; Stop Loss: Rs 1032; Target: Rs 1300
Bharat Forge has formed a small inverted head and shoulder pattern, trading above the 20 Hourly Moving Average (1064). A fresh positive crossover has been observed in the momentum indicator, trading below the zero line. After correcting from a peak of 1084.50 to lows of 1002, the stock is expected to bounce for a 38% retracement to 1308. Key support levels are at 1064 & 1032, with resistance at 1099 and 1200.
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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