Brokerage Nuvama Wealth Management has identified three stocks as top buys for June 25, 2026, according to a Business Today report. Aakash K Hindocha, Vice President - Research at Nuvama Professional Clients Group, provided the recommendations with specific technical triggers and targets.
Stock Recommendations
| Stock | LCP (₹) | Stop Loss (₹) | Target (₹) | Rationale |
|---|---|---|---|---|
| Olectra Greentech | 1,492 | 1,420 | 1,715 | Fresh 29-month trendline breakout on weekly charts; recovered above 200 WMA; 7-month closing high. Initial target 10-12% upside from breakout. |
| GAIL | 175 | 168 | 194 | Holding at 6-month highs; small sideways consolidation; 1-year trendline breakout along with 200 DMA crossover. |
| Hindustan Aeronautics Ltd (HAL) | 4,368 | 4,240 | 4,830 | Bullish pole and flag pattern on daily and monthly charts; dual confirmation on daily and weekly charts; eyeing 10% up move. |
Detailed Technical Backing
- Olectra Greentech: The stock gave a fresh 29-month trendline breakout on weekly charts ended Friday. It has recovered above its 200-week moving average, confirming a fresh 7-month closing high. A quick 10-12% trade on the long side opens as initial target post breakout confirmation.
- GAIL: The stock has been holding at 6-month highs for the past week. A repeat up move followed by small sideways consolidation has been the price action. With a 1-year trendline breakout and 200 DMA crossover, further upside is visible toward ₹194.
- HAL: HAL’s stock has undergone a bullish pole and flag pattern on short-term daily and monthly timeframes. It failed once last month but has now given dual confirmation on daily and weekly charts, allowing room for upside. Target is 10% up move from current levels.
Index Outlook
Nifty: After correcting over a percent on Tuesday, the index bounced back with similar vengeance on Wednesday. It formed an inside bar and made yesterday’s high and low important for near-term momentum. There is no change on short-term charts unless the 23,800 support is given away on a closing basis. Most selling was linked to global cues pressuring profit-taking as DXY made fresh 52-week highs. Both oil blends cooled to 15-week lows, which can arrest selling. Reversal upside is seen toward 24,150 / 24,600.
Bank Nifty: Bank Nifty continued its lead, ending at over 3.5-month highs after completing earlier targets of 57,000 and 57,600. These levels now act as support along with its 200 DMA, setting up an upside swing toward 58,800. This implies another 600–900 point up move unfolding, leading over Nifty.
Market Round-up: Wednesday’s Session
Indian equity benchmarks BSE Sensex and Nifty50 posted a strong recovery on Wednesday, rising around 1% as easing crude oil prices and robust buying in banking, financial, and information technology stocks lifted sentiment. Optimism surrounding a potential India-US trade agreement, along with the return of foreign investors as net buyers, further supported the rally.
The 30-share BSE Sensex climbed 790.54 points (1.04%) to finish at 76,991.22. Market breadth was positive on the BSE, with 2,215 stocks advancing, 2,034 declining, and 181 unchanged. The broader NSE Nifty 50 gained 197.55 points (0.83%) to close at 24,021.65.
According to exchange data, Foreign Institutional Investors (FIIs) were net buyers of Indian equities worth ₹17.86 crore on Tuesday.
(Disclaimer: Recommendations and views on the stock market or any other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.)
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