stock market recommendations: : Bharat ElectronicsAnd Central Institute of Mine Planning and Design (CMPDI) is recommended Top Stocks to Buy Today By Bajaj Broking Research on June 19, 2026:Bharat ElectronicsBuy in the range of ₹422-430
The stock has generated a breakout above the falling channel of the last 2 months and closed above the 20- and 50-day EMAs thus providing an opportunity for fresh entry.The main observation in the long-term chart is that it has been trading in a rising channel over the last 1 months indicating strong buying interest at the lower band of the channel. We believe the stock is likely to gradually rise towards the previous all-time high of 473 points in March 2026 in the coming months.On the downside, the 400 zone is expected to act as a strong support zone as it coincides with both the lower band of the ascending channel and the 52-week EMA.Supporting the positive outlook, the weekly 14-period RSI has also given a buy signal after crossing its 9-period moving average, indicating improving momentum in the stock.Central Mine Planning and Design Institute (CMPDI)Buy in the range of 244.00-250.00
During the current week the stock has generated a breakout above the triangular consolidation pattern of the last 5 weeks and the pullback of the last two sessions. The stock is currently testing the breakout zone thus providing fresh entry opportunities. The key observation in the weekly chart is that the stock took five weeks to retrace only 38.2% of the previous six-week rally (150-263). A shallow retracement signals strength and the current consolidation is a higher base formation for the next leg of the upward move. We expect the stock to reach the 275 level in the coming month, which is the 138.2% external retracement of the previous perfect consolidation (263-221).Stock market roundup of Thursday’s sessionBuoyed by positive geopolitical developments and a sustained decline in crude oil prices, Indian benchmark indices, BSE Sensex and Nifty50, continued their winning streak for the fifth consecutive session on Thursday.BSE Sensex closed 254.36 points or 0.33% higher at 77,409.98. During the session, the index moved within a wide range of 539.33 points, touching an intraday high of 77,492.33 and low of 76,953.NSE Nifty also closed at 24,168, up 82.30 points or 0.34%.Among Sensex constituents, InterGlobe Aviation, Trent, Bharat Electronics, NTPC, State Bank of India and HDFC Bank were major gainers. On the other hand, Infosys, Tech Mahindra, Maruti and Tata Consultancy Services ended the day among the top losers.Global benchmark Brent crude continued to slide and fell 2.23% to $77.78 per barrel, further supporting market sentiment.Investor confidence was also helped by developments on the geopolitical front after US President Donald Trump and Iran signed a memorandum of understanding at a dinner held at the Palace of Versailles in France on Wednesday, aimed at ending the more than three-month-long conflict.(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.)
