stock market recommendations: : Whereas hipAnd KEI Industries A buy call has been recommended by Somil Mehta, head of retail research at Mirae Asset Sharekhan. Bharat ForgeAnd Punjab National Bank These are seen as sell calls for May 5, 2026:Lupine: Buy between Rs 2349-Rs 2350; Stop Loss: Rs 2230; Target: Rs 2530The weekly chart shows that the price has been moving sideways in a wide range for the past eight weeks, but it remains above the rising trend line. On the daily chart, the price is showing multiple supports at the 50-day EMA and looks ready to break to the upside. At the same time, the momentum indicators have moved above the zero line showing bullish strength. The main resistance is at 2400, and support is at 2250.KEI Industries: Buy between Rs 5056-Rs 5057; Stop Loss: Rs 4750; Target: Rs 5470On the weekly chart, the stock closed above the important resistance zone and is now taking support from those levels, forming reversal candles. The daily chart shows a breakout from a consolidation zone above the 10-day exponential moving average. Momentum indicators are giving a positive crossover, indicating strength. The main resistance is at 5300, and support is at 4870.Bharat Forge: Sell between Rs 1846 to Rs 1845; Stop Loss: Rs 1925; Target: Rs 1730On the weekly time frame, the stock RSI is showing a double top chart pattern with negative divergence. On the daily charts, it is forming a shooting star reversal in the rejection zone. The price is trading below the 10-day exponential moving average, and the momentum indicators are giving a negative crossover, indicating weakness. The main resistance is at 1870, and support is at 1790.Punjab National Bank: Sell between Rs 110 to Rs 109; Stop Loss: Rs 115, Target: Rs 102On the weekly charts, the stock is facing rejection from 20 and 40 weekly EMAs. On the daily chart, it is forming a lower top and lower bottom pattern below the 200 DEMA and showing a range breakdown to the downside. Also, the momentum indicators are below the zero line, which is a sign of weakness. Main resistance is at 111, and support is at 105.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management tips are their own. These opinions do not represent the views of The Times of India.)
