According to Somil Mehta, Head of Alternate Research at Mirae Asset Sharekhan, Sun Pharma and Bharti Airtel are the two top stock recommendations for today.
Sun Pharma
- Buy Between: ₹1652 – ₹1665
- Target Price: ₹1720
- Stop Loss: ₹1616
Sun Pharma has recently broken out of a small triangle pattern, which usually signals a new upward move. The stock has been moving in a wide range but has now closed above its 20-day moving average (₹1644). This shows strength and the potential for further gains.
- Resistance Levels: ₹1690 and ₹1720
- Support Levels: ₹1634 and ₹1616
Bharti Airtel
- Buy Between: ₹1922 – ₹1934
- Target Price: ₹2045
- Stop Loss: ₹1870
Bharti Airtel is showing a bullish flag pattern, which indicates the stock could rise again. It has been consolidating for a month and has found support near its 20-day moving average (₹1910). Technical indicators suggest positive momentum, and the stock could move higher towards its previous high of ₹2045.
- Resistance Levels: ₹1970 and ₹2045
- Support Levels: ₹1900 and ₹1870
Note: These are the expert’s opinions. Always talk to a professional financial advisor before investing.
