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
Five Stocks To Buy: Waaree Energies, Adani Power, PFC, Lenskart And TCS Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing heavily on the renewable energy, power, financial, consumer tech, and IT sectors. Top picks for the day include solar manufacturer Waaree Energies, power major Adani Power, state-run power financier Power Finance Corporation (PFC), and eyewear brand Lenskart, alongside a short-selling strategy for IT heavyweight Tata Consultancy Services (TCS). The recommendations highlight strategic opportunities across key industries. Adani Power, a leading player in the power sector, has been advised to buy at Rs 154.45 with targets set at Rs 165 and Rs 170, while maintaining a stop loss at Rs 148. This suggests analysts see potential for upward movement in the stock, possibly driven by renewable energy projects or regulatory support. Power Finance Corporation (PFC), a state-run power financier, is recommended for purchase in the Rs 420–425 range. Analysts at VLA Ambala, SEBI RA & Founder of SMT Stock Market, suggest staggered targets of Rs 450 and Rs 485, with a stop loss maintained at Rs 400. This strategy reflects confidence in PFC’s role in funding infrastructure projects and its potential to benefit from government initiatives in the power sector. In the consumer tech space, Lenskart Solutions Ltd has been flagged as a buy opportunity. Sachin Janardan Sarvade, AVP of Derivatives and Retail Research at IDBI Capital Markets and Securities, recommends purchasing the stock between Rs 542 and Rs 547 for an aggressive upside target of Rs 645. The stop loss is set at Rs 499, indicating a risk-reward balance that aligns with short-term growth expectations.#tata_consultancy_services #adani_power #power_finance_corporation #waaree_energies #lenskart
