Mehul Kothari, DVP of Technical Research at Anand Rathi Shares and Stock Brokers, suggests three good stocks to consider buying today:
- Intellect Design
- Buy price: Around ₹910 to ₹930
- Stop loss (to limit losses): ₹770
- Target price: ₹1,200
This stock reached a high of ₹1,200 in June but then dropped to about ₹900, which is about halfway back from its previous rise. It recently touched important moving average lines that usually act as support. The stock’s momentum indicator (RSI) shows it is almost oversold, meaning it may not fall much further. This makes it a good chance to buy now with less risk.
- Diffusion Engineers
- Buy price: Around ₹335
- Stop loss: ₹299
- Target price: ₹405
This is a new stock listed on the NSE, so there isn’t much price history. However, it seems to have been stable and is showing signs of gaining upward momentum. Indicators suggest it might start moving up soon. Because it has a strong base, it looks like a relatively safe stock to buy now.
- Sumitomo Chemical
- Buy price: Around ₹580
- Stop loss: ₹545
- Target price: ₹650
This stock broke out to a higher level around ₹580 in July and rose towards ₹650. Now, it has pulled back slightly to test the breakout level, but the overall trend is still positive. This retest gives a good chance to buy before it moves higher again.
Note: These are the expert’s opinions. Always talk to a professional financial advisor before investing.
