Top stocks to buy (AI image)

Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today are Shree Cement, and Hindalco:Shree Cement – Buy in the range between Rs 29600 & Rs 29700; Stop Loss: Rs 29170; Target: Rs 30750Shree Cement has been consolidating in a range above 200 daily moving average and the stock is expected to resume the uptrend. Momentum indicators have also given a positive crossover below the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e. 29551, resuming the up trend. Key resistance is 30000 & 30750 and support is at 29170 and 28905. Hindalco – Buy in the range between Rs 772 & Rs 776; Stop Loss: Rs 758; Target: Rs 810Hindalco has been forming a small triangle pattern on the daily chart and has closed above 20 daily moving average i.e. 758 and expected to resume the uptrend. The stock has been consolidating since last week and has taken support at 10 daily moving average i.e. 767.Momentum indicator has given positive crossover above the zero line. The stock is expected to continue the up trend above the previous swing high i.e. 790. Key resistance is at 790 & 810 and support is at 764 and 758. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)