Stock Market Recommendations for April 23, 2025

According to Mehul Kothari, DVP - Technical Research at Anand Rathi Shares and Stock Brokers, today's top stocks to buy are SJVN, IDBI Bank, and Krsnaa Diagnostics. Here's why these stocks stand out:

SJVN: A Strong Buy

BUY in ₹100–₹96 Range | Stop Loss: ₹89 | Target: ₹118

SJVN has demonstrated a significant breakout with volume support, showcasing a higher top and higher bottom structure on the daily chart. The stock's movement past its March high signals bullish momentum, with a double bottom-like formation on the weekly chart reinforcing the reversal case.

IDBI BANK LTD: Breakout Opportunity

BUY in ₹86–₹84 Range | Stop Loss: ₹79 | Target: ₹95

IDBI Bank marks a major range breakout, closing above its 200-day SMA for the first time since October 2024. This, coupled with increasing volumes and a strong ADX, indicates the start of a trending phase.

KRSNAA DIAGNOSTIC: Consolidation Phase

BUY in ₹800–₹790 Range | Stop Loss: ₹755 | Target: ₹890

Krsnaa Diagnostics is consolidating, forming a potential inverse head and shoulder pattern near its 200 DEMA. A breakout above ₹820 could spur significant upside momentum, supported by sectoral strength.

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.