📊 Shares to Buy or Sell Today – July 8, 2025: Chandan Taparia Recommends 3 Stocks
Markets opened on a steady note this Tuesday, and traders are closely watching high-conviction recommendations by Chandan Taparia, Senior Analyst at Motilal Oswal. His technical picks for July 8, 2025, include two buying opportunities and one stock to sell.
Below are his top trading ideas for the day based on price action and momentum indicators.
✅ Buy: ICICI Bank (ICICIBANK)
CMP: ₹1,223
Buy Zone: ₹1,218–₹1,225
Target: ₹1,270
Stop Loss: ₹1,195
Rationale:
ICICI Bank is forming a bullish flag pattern on the daily chart with strong support near ₹1,200. RSI is rising and the stock has shown consistent strength above short-term moving averages.
✅ Buy: LTI Mindtree (LTIM)
CMP: ₹5,020
Buy Zone: ₹5,000–₹5,040
Target: ₹5,180
Stop Loss: ₹4,940
Rationale:
LTIM broke out of its consolidation zone and is trading above key resistance levels. With improving volumes and a positive crossover in MACD, the setup looks strong for short-term gains.
❌ Sell: Hindalco (HINDALCO)
CMP: ₹596
Sell Zone: ₹598–₹594
Target: ₹570
Stop Loss: ₹608
Rationale:
Hindalco is showing signs of weakness on the daily chart after forming a lower high. A breakdown below ₹590 could trigger further downside. Short-term momentum indicators are negative.
📈 Strategy Insight
Chandan Taparia’s picks are short-term technical trades focused on price action and momentum. These setups are suited for active traders looking for intraday or 1–3 day holding opportunities.
❓ FAQs: Stock Picks by Chandan Taparia – July 8, 2025
Q1: Who is Chandan Taparia?
Chandan Taparia is a Senior Technical & Derivatives Analyst at Motilal Oswal Financial Services, widely followed for his short-term trading insights.
Q2: Are these stock picks for intraday or positional trading?
They are typically suited for intraday to short-term positional trades (1–3 sessions) based on technical indicators.
Q3: Why is ICICI Bank a buy today?
ICICI Bank is showing bullish momentum with strong support at ₹1,200, making it a favorable technical buy with low downside risk.
Q4: What makes LTIM a good trade today?
LTIM has broken out of its resistance zone with rising volume and positive technical signals, indicating further upside.
Q5: Why is Hindalco recommended for selling?
Hindalco has formed a bearish pattern with weak price action and declining momentum, creating a shorting opportunity.
Published : On 8th July
Published : Pankaj
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