stock market recommendations: : Eicher Motors Limited, torrent powerAnd Bajaj Auto Anand Rathi Shares are recommended by Mehul Kothari, DVP – Technical Research, as top stocks to buy today June 24, 2026:Eicher Motors Ltd: Breakout above Ichimoku resistance with strong momentumBuy: Rs 7,650- Rs 7,550 | Stop Loss: Rs 7,300 | Target: Rs 8,225Eicher Motors has witnessed a classic breakout from a well-defined price structure, supported by strong volumes, indicating renewed buying interest and strengthening bullish momentum. The stock has also moved above the flat Ichimoku cloud resistance, reinforcing the positive trend outlook. Momentum indicators remain supportive, with the RSI above 50 and the MACD above the zero line. A sustained hold above the breakout zone could take the stock to Rs 8,225.Torrent Power: Support Confluence Signal Potential ReboundBuy: Rs. 1,480-Rs. 1,440 | Stop Loss: Rs 1,370 | Target: Rs 1,635Torrent Power is trading near a strong support confluence consisting of the 200-day EMA, 200-day SMA, the previous breakout zone, and an ascending trendline. The stock is also exhibiting bullish divergence on the Daily Stochastic Oscillator, indicating weakening downside momentum. The RSI remains above the 50 mark on both the daily and weekly charts, indicating continued bullish strength. As long as the stock remains above this support zone, the setup remains constructive with a possibility of a rise to Rs 1,635.Bajaj Auto: Bullish setup emerging near key support areaBuy: Rs. 10,200-Rs. 10,100 | Stop Loss: Rs 9,600 | Target: Rs 11,200Bajaj Auto is approaching a key support zone around its 50-day SMA, which coincides with Ichimoku cloud support, creating a favorable risk-reward setup. The MACD is showing signs of a bullish reversal, while the RSI remains above the 50 mark on both the daily and weekly timeframes, indicating continued positive momentum. A sustained hold above the support zone could pave the way for the next leg of the move towards Rs 11,200.Stock Market Roundup of yesterday’s sessionThe BSE Sensex fell nearly 900 points to close at 76,201 on Tuesday due to a sharp correction in South Korea’s technology-heavy stock market as well as weakness in US technology stocks overnight. Despite widespread selling led by technology stocks, foreign institutional investors remained net buyers, a development that market participants considered encouraging.Sentiment soured as South Korea’s Kospi index came under pressure following cautionary comments from the country’s securities regulator regarding the market’s strong rally in recent months. The Kospi eventually hit a circuit breaker and ended the day with a massive 10% decline.Weakness in Korean equities followed a selloff on Wall Street overnight, with technology stocks linked to artificial intelligence seeing sharp declines. Selling pressure continued in US markets on Tuesday, with the Nasdaq falling more than 1.4% during mid-session trading.According to Vinod Nair of Geojit Investments, domestic investor sentiment weakened as early gains were not sustained amid negative global growth and cautious market environment.Looking ahead, Nair said while stable crude oil prices and easing geopolitical tensions provide some support to domestic markets, investors remain cautious and are closely tracking the progress of the monsoon as well as developments in the ongoing India-US trade talks.The market collapse wiped out nearly Rs 5.5 lakh crore of investors’ wealth, with the market capitalization of BSE-listed companies falling to Rs 475.1 lakh crore, according to exchange data.(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.)
