- Bharat Electronics Ltd. recommended buy at Rs 444, target Rs 470, support at 20 DEMA
- Tata Steel buy suggested at Rs 208, target Rs 215, stop loss set at Rs 204
- Bajaj Finance buy range Rs 990–999, target Rs 1,100, stop loss Rs 949
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on the defence, metals, and automotive sectors.
Top picks include defence major Bharat Electronics Ltd. (BEL), metal giant Tata Steel, and non-banking financial powerhouse Bajaj Finance, along with Bharat Forge and Zydus Lifesciences.
Here are the top five stock picks and trading ideas.
Bharat Electronics Ltd. (BEL)
Chandan Taparia, Head of Technical & Derivatives Research at Motilal Oswal, recommended buying at Rs 444 for a target of Rs 470.
He noted the stock is retesting a breakout from an "Ascending Triangle" pattern and is respecting its 20 DEMA support.
Ruchit Jain, Vice President at Motilal Oswal, also issued a buy call with a target of Rs 468, setting a stop loss at Rs 430.
Tata Steel
Raja Venkatraman, Co-Founder of NeoTrader, suggested buying at Rs 208 for a target of Rs 215. He advised traders to maintain a stop loss at Rs 204.
Bajaj Finance
Sachin Janardan Sarvade, AVP Derivatives at IDBI Capital, recommended buying the counter in the Rs 990–999 range for a target of Rs 1,100. He suggested a stop loss at Rs 949.
Ruchit Jain also identified the stock as a buy, targeting Rs 1,060 with a stop loss at Rs 970.
Bharat Forge
Sachin Janardan Sarvade advised an entry between Rs 1,700 and Rs 1,726. He set a target of Rs 1,980, protecting the trade with a stop loss at Rs 1,599.
Zydus Lifesciences
VLA Ambala, Founder of SMT Stock Market Today, recommended buying in the Rs 910–920 range. She set target prices of Rs 960 and Rs 1,000, with a stop loss at Rs 870.
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