Top Stock Recommendations for January 15, 2025

According to Mehul Kothari, DVP - Technical Research at Anand Rathi Shares and Stock Brokers, Concor, ITC, and Tata Steel are the top stock picks for today. Here's a detailed analysis of each recommendation:

Concor: A Strong Buy with Promising Upside

Concor has been correcting from its peak of Rs 1,172 and has nearly tested the Rs 700 mark. It appears to be taking strong support near its 200-week EMA, a significant support level. Traders are advised to initiate long positions in the stock within the range of Rs 760 - Rs 740, aiming for an upside target of Rs 850, with a stop-loss placed at Rs 699.

ITC: Consolidation Phase Offers Buying Opportunity

Following the demerger of ITC Hotels, ITC Ltd. shares have entered a phase of consolidation. The stock is currently trading close to its 200-day EMA, a critical support level. A buy recommendation is suggested around Rs 435, with a stop-loss at Rs 425 and an upside target of Rs 455.

Tata Steel: Approaching Strong Demand Area

Tata Steel has been correcting from its high of Rs 180 and is now trading near the Rs 120 mark. The stock is approaching its 200-week EMA, a robust support level. Traders can consider buying the stock near Rs 125, with a stop-loss set at Rs 119 and a target of Rs 135.

Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.