2 top stock recommendations from Rajesh Bhosale
Why it matters: Targeted technical plays could outperform a stagnant market, boosting returns on tight risk.
- Rajesh Bhosale (Angel One) sees Nifty flat at ~23,000 with weak sentiment, recommending a focus on oversold stocks near long‑term support.
- HDFC Bank is trading around its weekly 89 EMA, deep in oversold territory; Bhosale suggests buying near 814 with a target of 860.
- Hindalco holds its support after a recent sell‑off; a buy at ~900 aims for a near‑term move to 1,040.
- Analysts across the market echo the call to watch key support/resistance zones and prioritize stock‑specific technical setups over index bets.
- ETMarkets pushes real‑time alerts and Telegram feeds to help traders act quickly on these technical opportunities.
Angel One’s Rajesh Bhosale says the Nifty is stuck in a narrow 23,000‑23,400 band, urging investors to shift from broad bets to stocks in deep oversold zones. He flags HDFC Bank and Hindalco as bounce‑back candidates, backing his call with technical support levels and tight stop‑loss targets.
