Stock Market Recommendations for May 14, 2025
According to Mehul Kothari, DVP - Technical Research at Anand Rathi Shares and Stock Brokers, three stocks stand out for investors today: Waaree Energies, Premier Energies, and GMMP Faudler.
Waaree Energies: A Bullish Bet
BUY ABOVE ₹2700 | Stop Loss: ₹2550 | Target: ₹3000
Waaree Energies has demonstrated resilience and is consolidating in a tight range, signaling a strong bullish trend. A breakout above ₹2745 could propel the stock towards ₹3000–3100. Investors are advised to buy above ₹2700, with a stop-loss at ₹2550, aiming for ₹3000.
Premier Energies: Ready for an Uptrend
BUY NEAR ₹1000 | Stop Loss: ₹920 | Target: ₹1160
After breaking above ₹950 in mid-April, Premier Energies retested its breakout level and has since reclaimed its medium-term EMAs. A fresh breakout on hourly charts suggests the uptrend is resuming. Consider buying near ₹1000, with a stop-loss at ₹920, targeting ₹1160.
GMMP Faudler: Oversold with Potential
BUY NEAR ₹1070 | SL: ₹990 | TGT: ₹1230
GMMP Faudler appears oversold, with a positive RSI divergence on weekly charts and a double bottom formation around ₹990 on the daily chart. This setup indicates a likely bounce. Entry near ₹1070 with a stop-loss at ₹990 could see targets of ₹1230.
Disclaimer: The opinions and recommendations are from brokerage and do not reflect the views of The Times of India. Consult a financial advisor before making investment decisions.
Comments