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Times of India·3 min read·medium

Top stocks to buy: Stock market recommendations for today - check list

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Top stocks to buy: Stock market recommendations for today - check list
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Market analyst Somil Mehta from Mirae Asset Sharekhan provides buy recommendations for JSW Energy, Biocon, BHEL, and City Union Bank. The report includes specific entry ranges, stop-loss levels, and target prices based on technical chart analysis.

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Provides actionable financial advice for retail investors looking to capitalize on short-term market momentum in the Indian stock exchange.

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Stock market recommendations: JSW Energy, Biocon, BHEL, and City Union Bank - these are the top stocks to buy recommended by Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan for June 30, 2026:JSW Energy: Buy in the range of Rs 585–586; Stop Loss: Rs 558; Target; Rs 620On the weekly time frame, the stock shows a strong breakout above the important resistance level of 550, which is the 0.38% retracement of the overall fall from the 770 level. On the daily chart, the stock is forming a higher-top and higher-bottom pattern above the short-term averages. Momentum indicators are giving a positive crossover, showing bullish momentum. Key resistance is at 605, while support lies at 565.Biocon: Buy in the range of Rs 414–415; Stop Loss: Rs 396; Target: Rs 440On the weekly chart, after breaking out of a multi-month resistance area, the stock has been consolidating in a range for the last three weeks near the retest zone. On the daily chart, it is showing multiple supports at the lower Bollinger Band and the 40 Daily Exponential Moving Average. Momentum indicators are showing a positive crossover, indicating bullish strength. Key resistance is at 425, while support lies at 405.BHEL: Buy in the range of Rs 413–414; Stop Loss: Rs 394; Target: Rs 440The stock has been moving within a narrow range for the past five weeks on the weekly chart. It is finding strong support from the 20-day and 40-day moving averages. Recently, it broke above its previous range in an upward move, supported by good trading volumes. This suggests growing buying interest. Momentum indicators are above zero, which shows positive strength and a bullish trend. The next important resistance level is at 425, where the stock may face selling pressure. On the downside, strong support is placed at 400, which can help limit any fall. Overall, the outlook appears positive as long as support holds.City Union Bank: Buy at CMP: Rs 203.80; Stop Loss: Rs 190; Target Rs 212 - 210 City Union Bank (CUB) stock is showing strength by steadily making higher low levels on the daily chart, which suggests buying interest and a positive trend. The stock has recently broken out, supporting the ongoing upward movement. It is trading above its short-term averages (20-day and 40-day), which is another positive sign. The next key resistance level is between 208 and 210. The stock needs to move above this range to continue rising. If it breaks this level convincingly, it could lead to a strong and fast upward move in the near term.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)Get the latest business news and top stories. Download the TOI App.Ready to Make a Smarter Property Decision? Build Your Legacy with TOI Homes.

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The content is purely informational and based on technical financial analysis without political or social commentary.

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