Stocks to buy today: Analyst recommends LTM, JSW Cement; check targets

Stocks to buy today: Vinay Rajani of HDFC Securities has recommended two stocks for today - LTM and JSW Cement.

Stocks to buy today: Recommendations by Vinay Rajani of HDFC Securities

 

Nifty view

 

Nifty briefly breached the swing low of 23,262 but held above the lower band of the April 8 upward gap at 23,153. The index also stayed above the key support of 23,106, which equals the 61.8 per cent retracement of the 2,200 point rally recorded in April 2026.

 

Tuesday's rebound offers bulls some relief; however, a trend reversal will be confirmed only if Nifty closes above 23,800.

 

LTM

 

Buy at ₹4,350

 

Target ₹4,650

 

Stop loss ₹4,100

 

LTM stock has formed double bottom on the daily chart around ₹3,900 followed by higher top on the daily chart. IT index has confirmed bullish inverted head and shoulder pattern on the daily chart, which indicates healthy upside in the index. Stock price has surpassed 20 and 50 DEMA resistance. 

 

 

JSW Cement

 

Buy at ₹130.5

 

Target ₹137

 

Stop loss ₹125

 

JSW Cement stock has recently found support on its 50 DEMA and closed above its 200 DEMA. Indicators and oscillators have turned bullish on short term charts. Cement stocks have become extremely oversold on the medium-term chart and mean reversion can be expected in the sector. 

 

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Disclaimer: This article is written by Vinay Rajani, senior technical analyst at HDFC Securities. Views expressed are his own. Readers' discretion is advised.