Stock Market Recommendations for Today

According to Mehul Kothari, DVP - Technical Research at Anand Rathi Shares and Stock Brokers, GAEL, Nazara Tech, and Asian Paints emerge as the top stock picks for today's trading session.

GAEL: A Bullish Breakout

BUY in ₹114–119 Range | Stop Loss: ₹99 (Closing Basis) | Target: ₹140 / ₹150

GAEL has recently broken out after consolidating within the ₹99–₹110 range, signalling renewed bullish momentum. This consolidation took place precisely at the S3 yearly Camarilla pivot, a critical support level, further reinforcing the bullish bias.

Nazara Tech: Outperforming Expectations

BUY at ₹955 | Stop Loss: ₹915 | Target: ₹1040

Nazara Tech has been an outperformer and continues to show strong momentum. A breakout above ₹975 will confirm an emerging inverse Head and Shoulders pattern, adding further strength to the bullish setup.

Asian Paints: Breaking the Bearish Trend

BUY in ₹2300–2400 Range | Stop Loss: ₹2100 (Closing Basis) | Target: ₹2800 / ₹2850

Asian Paints has broken out of a bearish trendline, indicating the potential start of bullish momentum. A hidden bullish divergence on the daily RSI supports a positive outlook for the stock.

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.