Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Concor, Aditya Birla Real Estate and Ramco Cements are the top stock picks for today:CONCOR: BUY Between ₹740 – ₹730 | SL: ₹699 | TGT: ₹815CONCOR has been correcting from its peak of ₹1,172 and recently tested the ₹700 mark, where it seems to be taking strong support near its 200-week EMA, a significant technical level. Additionally, a reversal candlestick pattern combined with trendline support suggests a potential rebound. Traders are advised to initiate long positions in the stock within the range of ₹740 – ₹730, aiming for an upside target of ₹815, with a stop-loss at ₹699.ABREL: BUY Near ₹1,900 | SL: ₹1,800 | TGT: ₹2,100After declining from a high of ₹3,000+, ABREL has now entered the sub-₹2,000 zone, signaling an oversold condition on both intraday and daily timeframes. A three-point positive divergence in the daily RSI suggests a possible turnaround. A breakout above ₹1,950 would further confirm strength. Traders are advised to go long near ₹1,900, with an upside target of ₹2,100, and a stop-loss at ₹1,800.RAMCO CEM: BUY Near ₹900 | SL: ₹870 | TGT: ₹960RAMCO Cement has also undergone a significant correction and entered an oversold zone. The stock recently found support near its 200-day EMA, a crucial technical level. Additionally, a bullish crossover in the daily RSI smoothened oscillator suggests a possible reversal. Traders can initiate long positions in the stock near ₹900, targeting an upside of ₹960, with a stop-loss at ₹870.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.
Top stock recommendations for January 29, 2025 – The Times of India Top World News Today.
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