Stocks to Buy Today: Dharmesh Shah Recommends Titan, NALCO for July 7, 2025
As the Indian stock market trades in a volatile range, Dharmesh Shah, Head of Technical Research at ICICI Securities, has suggested two stocks for potential upside today — Titan Company Ltd and NALCO (National Aluminium Company Ltd).
These stock picks are based on strong technical setups and favorable chart patterns, ideal for short- to medium-term gains.
🔹 1. Titan Company Ltd (Buy Call)
Entry Price: ₹3,500–₹3,540
Target Price: ₹3,780
Stop Loss: ₹3,420
Time Frame: 2 weeks
Rationale:
Titan has seen a breakout from a consolidation pattern with strong volumes. It is trading above key moving averages, suggesting bullish momentum. A sustained move above ₹3,500 could lead to a swift rally toward the ₹3,780 mark.
🔹 2. NALCO (Buy Call)
Entry Price: ₹140–₹144
Target Price: ₹160
Stop Loss: ₹134
Time Frame: 2–3 weeks
Rationale:
NALCO is forming higher highs and higher lows on the daily charts. With strong support around ₹134 and positive RSI divergence, the stock is well-positioned for a move toward ₹160.
🔸 Market Context
While broader indices remain range-bound, expert stock-specific recommendations like these provide tactical opportunities for traders. With global cues mixed and macroeconomic data awaited, selective buying is advised.
✅ FAQs:
Q1. Who is Dharmesh Shah?
Dharmesh Shah is the Head of Technical Research at ICICI Securities and is known for his technical stock recommendations.
Q2. Why is Titan a recommended buy today?
Titan has shown a bullish breakout with strong momentum, making it favorable for short-term buying with upside potential.
Q3. Is NALCO a long-term or short-term pick?
This recommendation for NALCO is based on a 2–3 week technical pattern. It is a short- to medium-term buy.
Q4. What should investors keep in mind before buying these stocks?
Traders should follow the suggested stop losses and targets, monitor volume activity, and be aware of broader market trends.
Q5. Are these stock picks suitable for beginners?
While the technicals are strong, new investors should assess their risk appetite or consult a financial advisor before trading.
Published : On 7th July
Published : Pankaj
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