Top 3 Stocks to Buy Today – Recommented by Ankush Bajaj for 27 June

The nifty 50 surged 285.15 points, or 1.13%, to close at 25,529.90, Marking a Decisive Bully Bully. The BSE Sensex Rallied 1,000.36 points, or 1.21%, ending at 83,755.87. The bank nifty, while larger range-bound during the day, also close on a firmer note, up 585.55 points or 1.03%, at 57,161.90.

Top 3 stocks recommended by ankush bajaj for 27 June

Buy: JSW Steel Ltd (JSWSTEEL)

Current price: 1,032.00

Why jsw steel is recommended: JSW Steel is showing a bullish setup supported by both momentum and pattern conference across across timeframes. On the daily chart, the rsi is at 60, reflecting positive momentum with Room for further UPSIDED. On the 45-minute timeframe, the stock has fied a rectangle pattern Around the 1,024 zone, and a symmetrical triangle pattern has also taken shape at the same level – a confluence that strengthens the bullish case. The breakout Above these consolidation levels signals the start of a possible continuation move.

Key metrics

Breakout zone: 1,024 (validated on lower timeframe)

Support (Stop-Loss): 1,016

Target price: 1,060

Pattern: Rectangle and Symmetrical Triangle Breakout (45-Min Chart)

RSI: 60 on the Daily Chart – SUPPORTS SUSTAINED BULLISH MOMENTUM

Technical analysis: Price has resolved Higher from overlapping consolidation patterns on the intraday chart, confirming bully. A strong close about the pattern zone at 1,024 has triggered upward continuation, supported by increasing Momentum and Price Action Now Staying Above Short-Term Moving Averages.

Risk factors: A breakdown beLow 1,016 would invalidate the breakout structure. Minor Consolidation May Occur If Browader Market Momentum Slows.

Buy at: 1,032.00

Target price: 1,060

Stop-Loss: 1,016

Buy: ICICI Lombard General Insurance (ICICIGI)

Current price: 2,017.00

Why ICICI Lombard General Insurance is recommended: ICICIGI is poised for a breakout from a prolonged consolidation phase. On the Daily Chart, The RSI is at 65, Reflecting Strong Bulish Momentum with Scope for Further UPSide. On lower timeframes, the stock is carrying the upper boundary of a rectangle pattern. A close Above 2,030 would confirm the breakout and likely trigger a fresh upward Swing.

Key metrics

Breakout Level: 2,030

Support (Stop-Loss): 1,968

Target price: 2,090

Pattern: Rectangle Consolidation Breakout (Pending Confirmation Above 2,030)

RSI: 65 on the daily – Strong Momentum, but not overbough

Technical analysis: ICICIGI has been trading in a tight consolidation zone. With a strong base near 1,970 and reepeated tests of the 2,030 level, the setup is favorite for a breakout. Momentum is picking up, and a confirmed close Above 2,030 clock open the way towed the 2,090 target.

Risk factors: A breakdown beLow 1,968 would negate the breakout setup. Until a confirmed close Above 2,030, traders should manage position size according to.

Buy at: 2,017.00

Target price: 2,090

Stop-Loss: 1,968

Buy: Titan Company Ltd (Titan)

Current price: 3,694.00

Why Titan is recommended: Titan has shown a strong bulish setup with confirmation from multiple timeframes. On the Daily Chart, The RSI Stands at 68.80, Indicating Strong Upward Momentum that is not yet oveREXEDED. Additional, a recent macd bulish crossover supports the case for continued strength. On the lower time frames, the stock has been close about the key resistance zone of 3,680, Signaling a Breakout and Continuation Potential. These Confluences Point Toward a Likely Move Toward The Higher Target Zone.

Key metrics

Resistance level (short-term target): 3,790-3,810

Support Level (Pattern Invalidation): 3,640

Pattern: Breakout Above Short-Term Resistance with Momentum Confirmation

RSI: 68.80 on the Daily Chart – SHOWS Strong Bulish Momentum Approaching Overbough, but with Room

Technical analysis: The stock has decisively closed Above The Immediate Resistance of 3,680, backed by Momentum indicators. The MacD crossover adds confirmation to the trend shift, while price action about worth-term resistors indicates strength. Titan is also Forming Higher Lows on the Hourly and Daily Charts, A Classic Bully Continuation Signal.

Risk factors: A Fall Bellow 3,640 would invalidate the breakout structure. Short-term consolidation is possible if broader markets pause or if volume does not follow through.

Buy at: 3,694.00

Target price: 3,790-3,810

Stop-Loss: 3,640

Market Wrap – 27 June (Friday)

In the sectorial space, the metal index Led the rally with a 2.31%gain, followed by the oil and gas index, up 1.86%, and the infrastructure sector, which rose 1.63%. These sectors reflected strength in domestic-facing and global-linked themes. The only Laggard of the day was the realty index, which fell by 1.00%, likely on account of profit booking.

Among the top Gainers, Shriram Finance Climbed 4.16%on the back of strong institutional activity, while jio finance gained 3.03%, and Hindalco Added 2.67%, Contributing to the BULLISH BREADTH of the MARKET.

On the flip side, Dr. Reddy’s Fell 1.50%, tech mahindra declined 0.87%, and wipro slipped 0.33%, with traders booking profits in select it and pharma names after recent gains.

Nifty Technical Analysis Daily & Hourly

The nifty extended its Bullym Momentum for a Third Straight Session, Ending Chiursday at 25,549.00, with an impressive gain of 304.25 points or 1.21%. This rally marks a powerful continuation move, validating the bully from from earlier in the week.

Importantly, The Index Closed Well Above The 25,150-25,200 Breakout Zone, Confirming Sustained Strength and Approaching the Previously indicated short-term target of 25,800-A. LEVELLI to 25,800-A. after the rectangle breakout on the hour chart. Today’s Move Adds Over 300 Points Since That Breakout Signal, Reinforcing the Strong Underling Trend.

On the intraday chart, the 20-hour ema at 25,276 and the 40-hour ema at 25,173 have now shifted Higher, with the price mainTaining a clea Trend. Fresh Support is now Seen Near 25,250, While The Next Key Resistance is Placed at 25,800, Aligning with the Rectangle Breakout Target.

The Daily Chart also reflects the strengthening trend, with the 20-dema relief to 24,933 and the 40-dema climbing to 24,710, both of which remain well bell bell be the currenties. This confirms the continuation of a broader bulish structure, with higher support levels emerging.

Momentum indicators further validated the rally. The Daily RSI SURGED to 66, Pushing Deeper INTO BULLISH TERRITORY, While The Hourly RSI Climbed To 71, Showing Short-Term Overbought Conditions, THAT NOT NECESSARILE A Reversal Signal. The Macd Remains Strong, with the Daily Macd at 172 and Hourly Macd Rising To 126, Both indicating strong follow-through-and no immediati signs of exhausation.

Volativity also continued to compress, with India Vix Slipping Another 2.87% to 12.59, Reflecting Rising Trader Confidence and a Lack of Hedging Pressure Despite the sharp rally.

In summary, the nifty has delivered a strong Directional Move, Staying Firmly Above Key Short-Term Average and Validating the Bully Setup. With the 25,800 target still in sight and 25,250 emerging as near-term support, traders may consider riding the trend while stay compensation alert to signs of exhausation or Reversal Near Resistance. The overall structure remains firmly positive, supported by price action, Momentum, and Declining Volatily.

Ankush bajaj is a sebi-regified research analyst. His registration number is inh000010441.

Investments in Securities are Subject to Market Risks. Read all the related documents carefully Before Investing.

Registration Granted by Sebi and Certification from Nism in No Way Guarantee Performance of the Intermediary or Provide any assuance of returns to investors.

Disclaimer: The Views and recommendations giving in this article are there that of individual analysts. These do not represent the views of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.