Stock Market Recommendations: Ashok Leyland, Bikaji Foods InternationalAnd Vari Energy has been selected as Top Stocks to Buy On May 20, 2026:Ashok Leyland: Fibonacci Confluence Support with Harmonic CompletionBuy: ₹153-150 | Stop Loss: ₹145 | Target: ₹165Ashoka is showing signs of stability near the important ₹150 support zone. On the 3-hour chart, this area holds strong technical significance as it coincides with the 78.6% Fibonacci retracement level, completion of the AB=CD pattern at 100%, and the 1.618 external retracement level. Additionally, the MACD indicator is gradually losing downward momentum, indicating diminishing selling pressure and improving price stability. The overall setup suggests the possibility of a fresh uptrend in the coming sessions.Bikaji Foods International: Retracement support with momentum improvementBuy: ₹660–650 | Stop Loss: ₹635 | Target: ₹700BIKAJI is witnessing stability near the important ₹640-650 support zone. On the 2-hour chart, this area aligns with the 61.8% Fibonacci retracement level, completing the AB=CD pattern at 100%, and the 1.27 external retracement level, forming a strong confluence support setup. Furthermore, both MACD and DMI indicators are showing positive signs, indicating improving momentum and strengthening price structure. The technical setup signals the possibility of fresh bullishness in the coming sessions.Vari Energy: Fibonacci support with long-term EMA confluenceBuy: ₹3050-3000 | Stop Loss: ₹2800 | Target: ₹3500WARI Energies has seen a healthy recovery after the recent rally and is now approaching an important support zone near ₹3000 levels. Technically, this area coincides with the 50% Fibonacci retracement level along with the 200 EMA support on the daily chart, creating a strong confluence demand zone. Momentum indicators have decreased significantly, with the RSI slipping near the 40 mark, indicating that selling pressure may gradually ease. The broader trend structure remains positive, and the current correction appears to be a healthy stretch within the larger uptrend, suggesting the possibility of a fresh recovery move in the coming weeks.(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.)