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 Mahindra & Mahindra Ltd (M&M), and Bharat Forge:M&M – Buy in the range between Rs 3,465 & Rs 3,480; Stop Loss: Rs 3,330; Target: Rs 3,720Mahindra & Mahindra Ltd has completed a A-B-C corrective on the daily chat and is expected to resume the uptrend. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last week and has closed above 40 daily moving average i.e. 3438, resuming the up trend. Key resistance is 3565 & 3720 and support is at 3391 and 3330. Bharat Forge – Buy in the range between Rs 1,232 & Rs 1240; Stop Loss: Rs 1,200; Target: Rs 1,335Bharat Forge has broken out of a small triangle pattern on the hourly chart and has closed above 200 daily moving average i.e. 1225 and expected to resume the uptrend. The stock has been consolidating since last week and has taken support at 20 daily moving average i.e. 1215. Momentum indicator has given positive crossover above the zero line. The stock is excepted to continue the up trend till the previous swing high i.e. 1335. Key resistance is at 1278 & 1335 and support is at 1200 and 1179. (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)