Stock Market Insights: What to Sell Today

According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, certain stocks are poised for a downturn, making them prime candidates for selling today.

IRB Infra: A Sell Recommendation

Sell in the range between Rs 43.50 & 43; Stoploss: Rs 45; Target: Rs 38

IRB Infra has shown a breakdown from a flag pattern today, with momentum indicators suggesting a negative crossover. After a period of consolidation, the stock faces resistance at the 40-day moving average, indicating a continued downtrend towards the next swing low of 38.

PAYTM: Time to Let Go

Sell in the range between Rs 800 & Rs 790; Stoploss: Rs 822; Target: Rs 720

PAYTM has breached a rising wedge pattern, signaling a potential downtrend. Despite a recent bounce, resistance at the 50% retracement level of its previous fall suggests a return to downward momentum, with targets set at 720.

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.