Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, RBL Bank, FirstCry, and Voltamp Transformers are the top stock picks for today:
RBL Bank: BUY Near ₹170 | Stop Loss: ₹155 | Target: ₹204
The stock has broken out of its 170–150 consolidation range, supported by strong trading volumes, signalling bullish momentum. The daily RSI has crossed above 60, confirming trend strength and further reinforcing the upside potential.
Additionally, the breakout suggests a move towards ₹204 in the coming months.
Thus, traders are advised to buy RBL Bank in the ₹167–₹173 range, with a stop-loss at ₹155 on a closing basis, targeting ₹204.
FirstCry: BUY Near ₹378 | Stop Loss: ₹360 | Target: ₹415
The stock appears to be in an oversold zone, with the RSI showing a positive divergence, indicating that downside momentum is weakening. This technical setup often precedes a short-term reversal or bounce.
Over the past few sessions, price action hints at accumulation, suggesting that smart money might be entering at lower levels. With broader sentiment stabilizing, the stock looks poised for a short-term recovery move.
Thus, traders are advised to buy FirstCry in the ₹375–₹380 range, placing a stop-loss at ₹360 on a closing basis, for an upside target of ₹415 in the near term.
VOLTAMP: BUY Near ₹7,400 | Stop Loss: ₹6,500 | Target: ₹9,000
The stock has formed a strong base in the ₹6,000–₹6,500 range, indicating a solid support zone. On the weekly charts, the stock has reversed from the 200 EMA, further strengthening the bullish outlook.
Additionally, a positive crossover in the weekly RSI confirms improving momentum. With the daily 200 DEMA near ₹9,300, the stock is likely to move towards a retest of higher levels.
Thus, traders are advised to buy VOLTAMP near ₹7,400, with a stop-loss at ₹6,500 on a closing basis, for a target of ₹9,000 in the coming months.
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.
