Stocks to BUY: Market experts have placed bets on some stocks to buy and have advised to buy…
highlights
- Market experts have recommended some stocks to ET NOW Swadesh viewers for buying in the stock market.
- These stocks include names like Hindalco, BHEL, Tech Mahindra, APL Apollo Tubes, Wipro, Biocon, Ashok Leyland and Tata Steel.
- Experts have also given stop loss and strategy along with targets on these stocks.
In an exclusive conversation with ET NOW Swadesh, Ajit Mishra of Religare Broking said that 25,700 is the make-or-break level for Nifty. Market sentiment is being influenced by global cues and currency concerns. If Nifty breaks 25,700, selling will intensify. From a technical perspective, Nifty held the important support of 25,700 near the previous swing low, which is an important level for the coming session as a breakdown could lead to further downside. On the upside, the short-term moving average, 20-DEMA, is acting as immediate resistance around 25,950, the market expert said.
Market experts have placed bets on many stocks to buy in such a market and have advised to buy some stocks. Top picks for these stocks are: Hindalco, BHEL, Tech Mahindra, APL Apollo Tubes, Wipro, Biocon, Ashok Leyland and Tata Steel.
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ashok leyland share price target
Market expert Kunal Shah has advised to bet on Ashok Leyland shares. He said that the stock has outperformed the market in 2025 and this outperformance may continue in the near future. Advising those who already have Ashok Leyland in their portfolio, the expert said to hold with a trailing stop loss of Rs 164. On the upside, Ashok Leyland shares may show Rs 178 level very soon.
Experts said that those who want to buy Ashok Leyland shares afresh, they are advised to wait for the decline to the level of Rs 168-169.
tata steel share price target
In an exclusive conversation with ET NOW, market expert Laxmikant Shukla said that the risk to reward ratio in Tata Steel is very favorable. He said that there is immediate support in the stock at Rs 165. If Tata Steel moves above the support level, a bullish head and shoulders pattern will form on the charts. The breakout of this pattern will be at Rs 173.
He said that if Rs 173 is broken then rapid upward movement can be expected in Tata Steel. Experts have given a target of Rs 185-186 on Tata Steel shares. Experts have advised to keep the stop loss at Rs 165 on closing basis.
Hindustan Copper Share
Laxmikant Shukla, Senior Technical Analyst, YES Securities, said that Hindustan Copper has made a comeback in Thursday’s trade after three days of decline. In the short term, Hindustan Copper shares may remain in an uptrend, with resistance at Rs 400.
Hindalco share price target
Laxmikant Shukla has selected Hindalco shares as his top pick in the metal sector. And he recommends buying its shares at the current level for swing trade. As long as Hindalco remains above Rs 840, the outlook is positive. I hope Hindalco will show Rs 900 level very soon.
Suzlon Energy Share Price
Harish Jujare said that Suzlon Energy shares have been in downtrend for a long time. This counter has fallen from a high of Rs 71-72 in June to Rs 50. Suzlon Energy is currently near the support zone of Rs 47 to Rs 50. If you have a long view, it would be advisable to hold. But in the short term, Suzlon may remain under pressure. Experts advised to avoid Suzlon shares.
Tech Mahindra Share Price Target
Sharekhan’s Kunal Shah has chosen Tech Mahindra from the IT sector. He said that Tech Mahindra shares are already in uptrend and are in higher top higher bottom pattern. Tech Mahindra has also given a consolidation breakout. Tech Mahindra can be bought for a target price of Rs 1620 and Rs 1640. Maintain stop loss at Rs 1570.
wipro share price target
Jigar Patel, Senior Manager, Equity Technical Research, Anand Rathi Shares has also advised to buy Wipro shares at the current levels. He said Wipro was facing resistance at 200-EMA on the weekly chart, around Rs 240. Now the counter has given a trendline breakout. In the current week, Wipro has given a breakout above Rs 258, from the current range. From a trading perspective, one can go long (buy) Wipro for a target of Rs 272. To avoid losses, stop loss will be at Rs 256.
BHEL share price target
Harish Jujare of Prithvi Finmart said that higher top, higher bottom continues for BHEL. He said that the chart structure of BHEL looks strong, with support at Rs 270, followed by Rs 255. He advised investors to buy BHEL shares on decline. Experts say that on the upside, BHEL shares may show previous all-time high of Rs 350 in the short to medium term.
ITC share price
Harish Jujare of Prithvi Finmart also gives his views on ITC stock. He said that the stock has been in consolidation for the last one year. ITC is continuously underperforming, but is not breaking the support of Rs 395. On the charts, ITC is showing no signs of reversal. ITC is facing a tough resistance at 200-DMA, which is around Rs 415-420.
That said, if the outlook is short-term, I would recommend exiting the position. But for long term I would recommend holding with stop loss at Rs 390. New weakness will start in ITC if it closes below Rs 390.
biocon share price target
Jigar Patel said that Biocon has recovered from the low level of the last two sessions. One should buy Biocon in the current setup as the risk to reward looks very attractive. He said that Biocon shares can be bought for a target of Rs 405. Expert said to maintain stop loss at Rs 385.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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