Stocks to Buy Today: M&M, Waaree Energies; Technical Analysis and Investment Strategy M&M and Waaree Energies shares have demonstrated strong bullish technical setups, according to Osho Krishan of Angel One, who recommends buying both stocks with defined stop-loss levels and target prices. The analysis highlights key technical indicators and market dynamics that support the bullish outlook for these equities. M&M has shown a significant recovery over the past week, breaking above its 20-day exponential moving average (EMA) on the daily chart after a prolonged corrective phase. The stock’s uptrend is reinforced by a runaway bullish gap and improving technical indicators, which signal continued upward momentum. Krishan notes that the stock is currently in an attractive accumulation zone for investors with a near to medium-term investment horizon. The recommendation is to buy M&M around ₹3220-3200, with a stop-loss set at ₹3020 and a target price range of ₹3450-3500. Waaree Energies has also exhibited a sustained upward movement, maintaining a position above its 200-day simple moving average (SMA) in recent weeks. The stock has formed multiple bullish patterns, including a double bottom and a flag breakout, which indicate a strong structural setup and a favorable near-term outlook. Technical indicators remain aligned with price momentum, further supporting the bullish bias and the potential for continued gains. Krishan recommends buying Waaree Energies around ₹3250-3200, with a stop-loss at ₹3050 and a target range of ₹3500-3560. The analysis emphasizes the importance of risk management, with stop-loss levels designed to protect investors from potential downside. The target prices reflect Krishan’s assessment of the stocks’ upside potential based on technical patterns and market conditions.#m_m #angel_one #osho_krishan #waaree_energies #angel_one_ltd
