Stocks to buy today: Bet on this stock today, find out why experts recommend buying

Stocks to buy today: Sumit Bagdia, Executive Director, Expert Choice Broking, Ganesh Dongre, Sr. Manager, Technical Research, Anand Rathi, has given a buy advice of 5 shares amid expectations of a rally in the local stock market today. These include SBI Life, Indigo, Demart, Bombay Dyeing and Craftsman.

Share for Sumeet Bagdia

SBI Life Insurance: Buy it at ₹1,495 for a target of ₹1,550 with a stop loss of ₹1,460

Why buy: A significant bullish reversal pattern has emerged in the recent short-term trend of this stock. The stock has an important support level at ₹1,460. Given the current market price of around ₹1,495, a buying opportunity is emerging.

Indigo: Buy at ₹4,249, target at ₹4,380 and don’t forget to set a stop loss at ₹4,180

Why buy: The stock has seen major support around ₹4,180. It may continue its rally till its next resistance level of ₹4,380. Hence buy and hold this stock with a stop loss of ₹4,180 for a target price of ₹4,380 in the coming weeks.

DMart: Buy at ₹4,770 for a target of ₹4,950, place a stop loss at ₹4,650.

Why buy: Technical patterns suggest that stock prices may experience a temporary decline. Probably around ₹4,950. Currently, the stock is at a key support level of ₹4,650.

Good news for small investors, SEBI has increased the demat account limit

Shares of Ganesh Dongre

Bombay Dyeing: Buy at ₹216.50, target at ₹228 and stop loss at ₹209.

Why buy: Bombay Dyeing shows strong bullish momentum. It is currently touching a high of ₹219.3. Further, the Bombay Dyeing stock is trading above key moving averages including short-term (20 days), medium-term (50 days) and long-term (200 days) EMAs, confirming its bullish trend.

Artisan Automation: Buy at ₹5,695.3, target at ₹5,999 and stop loss at ₹5,499.

Why buy: Craftsman Automation is displaying strong bullish momentum, currently trading at an all-time high of ₹5,791.2. Craftsman is trading above major moving averages including short-term (20 days), medium-term (50 days) and long-term (200 days) EMAs, confirming its bullish trend.

,Disclaimer: The recommendations, suggestions, opinions and views of the experts are their own and not those of Live Hindustan. Information about stock performance is provided here only, not investment advice. Investing in stock market is subject to risks and please consult your advisor before investing.)

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