Top Three Auto Stocks to Buy Today, 25 June, As Recommed by Ankush Bajaj

The Nifty 50 Ended The Session 72.45 Points Lower, Down 0.29%, to Close at 25,044.35. The BSE Sensex also Slipped 158.32 points or 0.19%, Finishing at 82,055.11.

Here are the top auto picks as recommended by ankush bajaj

Buy: eicher motors (current price: 5,629.00

• Why it’s recommended, Eicher motors have broken out of a bull flag pattern on the daily chart – a containuation pattern that typical Signals the resumption of an uptrend. The breakout has occurred with Momentum, and the Price Action Confirms HIGHS and Higher Lows. On the hour chart, the stock is holding well Above its short-term moving average, indicating underlying strength. The Relative Strength Index (RSI) on the daily chart is at 79.00, suggesting strong bullys Momentum, Thought Nearing Overbaring Levels.
• Key metrics: Resistance level: 5,694 (short-term target), support level: 5,590 (Pattern Invalidation Level)
• Pattern: Bull Flag Breakout on the Daily Chart; Channel Continuation on the 1-Hour Chart.
• RSI: 79.00 on the Daily Chart, Reflecting Strong Momentum, with Slight Caution Due to the overbough zone
• Technical analysis: The breakout from the bull flag pattern confirms Continuation of the Prior Uptrend. The price is trading Above all key moving average, and the RSI supports the strength of the move. While the stock is approaching overburgt territory, high rsi values ​​in strong trends can person. A move toward 5,694 appears likely if the stock holds Above The Flag Breakout Level.
• Risk factors: A drop below 5,590 would invalidate the breakout structure and count trigger short-term profit booking. Additional, Volume has not significantly expanded on the breakout, which calls for monitoring. Overbough RSI May Lead to Short-Term Consolidation.
• Buy at, 5,629.00
• Target price: 5,694
• Stop Loss, 5,590

Buy: TVS Motor Company Ltd. (Tvsmotor) – Current Price: 2,837.10

• Why it’s recommended, TVS motors have broken out of a triangle consolidation on the daily chart – a Bully Pattern indicating the continuation of the previving trend. The breakout has been supported by rising open interest and improving price structure on the 1-hour chart. The RSI on the Daily Chart is at 61.30, indicating positive momentum with room for further UPSide.
• Key metrics: Resistance level: 2,880 (short-term target), support level: 2,800 (Pattern Invalidation Level)
• Pattern: Triangle breakout on the daily chart; Bulish Structure Continuation on the 1-Hour Chart
• RSI: 61.30 on Daily Chart, Indicating Healthy Bulish Momentum
• Technical analysis: The Triangle Breakout confirms the resumption of the bullish trend after a consolidation near the highs. The stock is about all key moving average and supported by strength in the auto sector. A sustained move Above 2,850–2,860 range can propel it towed 2,880 and beyond.
• Risk factors: A close below 2,800 would negate the breakout and count result in range re-entry or seling pressure. Weak Volume Follow-Through may also stall the move, especially if the market turns Volatile.
• Buy at, 2,837.10
• Target price, 2,880
• Stop Loss: 2,802

Buy: Mahindra & Mahindra Ltd. (M&M) – Current Price: 3,150.10

• Why it’s recommended: M & m has broken out of a downward sloping channel on the daily chart – a classic reveresal signal indicating a shift from correction to a fresh up. The stock also formed a bullish double-bottom base near 2,960 before reveresing. The RSI on the Daily Chart is at 53.00, suggesting a shift from weak to strengthening momentum.
• Key metrics: Resistance level: 3,200 (short-term target), support level: 3,120 (Pattern Invalidation Level)
• Pattern: Downward Channel Breakout on the Daily Chart; Higher-Low Formation on 1-Hour Chart
• RSI: 53.00 on Daily Chart, Indicating Early-STAGE BULLISH Strength
• Technical analysis: The breakout Above the upper trendline of the Falling Channel Indicates The End of the Correct Phase. Price is now trading Above Short-Term Moving Average with Macd Crossover Supporting The Buy Signal. A move toward 3,200 appears likely, especially with potential short-crossing adding to Momentum.
• Risk factors: A drop below 3,120 would invalidate the breakout and sugges the stock is slipping back into the prior range. Broader Market Weakness Blad also impact the Near-Term Move. RSI is neutral, but a failure to Gain Momentum Quickly Cold Delay The Breakout’s Impact.
• Buy at: 3,150.10
• Target price: 3,200
• Stop Loss: 3,120

Market Wrap

On Tuesday, 24 June, The Indian Stock Market Started The Day on a Positive Note, Opening with a Gap-Up, Hinting at Early Optimism. However, that Momentum was short-lived as the market turned highly Volapal through the session. Swings in Both Directions Kept Traders On Edge, and Despite Intermittent Recoveries, The Indices Closed Near Their Their Their Opening Levels, Indicating Lack of Clear Direction and Cautious Sentiment.

The Nifty 50 Ended The Session 72.45 Points Lower, Down 0.29%, to Close at 25,044.35. The BSE Sensex also Slipped 158.32 points or 0.19%, Finishing at 82,055.11. The bank nifty, after showing early weakness, recovered slightly but still ended 402.55 points down or 0.72%, at 56,461.90.

In Sectorral Performance, The PSU Bank Index Gained 1.46%, The Metal Index Rose 1.01%, and the Finance Sector Edged up 0.88%, Shoving Resilience in Select Areas. On the downside, the pse index fell 0.36%, and the oil and gas sector declined 0.17%, highlighting mixed Sentiment Across Sector.

Among the top Gainers, Jio Finance Surged 2.61%, Supported by Strong Institute Activity. Adani ports climbed 2.56%, and shriram finance gained 2.18%, showing strength in stock-specific buying.

On the losing side, ONGC Dropped 2.97%, While Power Grid Declined 1.48%, and Trent Fell 1.02%, as Investors Opted to Book Profits after Recent Gains

Nifty Technical Analysis Daily & Hourly

The nifty ended the day at 25,044.35, posting a modest gain of 72.45 points or 0.29%. Despite the Upward Close, The Index Encounteeed Visible Resistance Near Its 20-His 20-Hour Moving Average (25056), Failing to Sustain Above This Short-Term Hurdle. The 40-Hour EMA at 24989 is acting as immediative support on the intraday chart, while on the daily chart, the 20-day and 40-day emas at 24,872 and 24,637 reaspently continue Structure.

Momentum indicators are showing signs of fatigue. The Daily RSI Slipped Slightly to 56, and the Hourly RSI is at 53, Indicating a Neutral Bias. The Macd Remains in Positive Territory, with the Daily Macd at 137 and the Hourly Macd at 57, but the lac of fresh momentum sugges the trend is losing steam, potentially entering a short-lessation Pullback Phase.

From a derivatives standpoint, the options data indicates a shift in Sentimen. The Total Call Open Interest (OI) has surgged to 20.45 brore, significantly outpacing the put oi of 15.86 Crore. This results in a pe-ce oi differentce of -4.60 Crore and a put-call ratio (PCR) of just 0.78-bot clear signs of a bearish undertone emerging in the options. Furthermore, The Change in Oi Reinforces this View, with Call Oi Rising By 3.76 Crore whose put oi saw a steep decline of 50.14 lakh, deepening the bearish bias with Crore.

The maximum call oi is observed at the 26,000 strike, suggesting a ceiling for the index, while the highest change in call Oi Occurred at the 25,200 Strike-A Level that Cold NOW COLD NOW COLD NOW ACT Resistance. On the put side, the 25,000 strikes still holds the maximum oi, but not the notable buildingup at the 25,200 strike hints at indexion and potential realization of support of support.

Adding to the cautious outlook, India vix declined by 2.88% to settle at 13.64, indicating lower valatiity but also reflected a sense of compensation even as bearish data mountains.

In summary, while the nifty remains about its key moving average and still holds a broadly bulish bully structure, short-term indicators and options data are flashing early warning signs. Unless the Index decisively clears the 25,200 level and sustains about the 20-her Moving average, the risk of a pullback toward the 20-dema at 24,872 remains on the table. Traders should remain nimble, keep an eye on the pcr and Oi shifts for cues on Directional Conviction.

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

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