Stock Market Recommendations for August 6, 2025

According to Mehul Kothari, DVP - Technical Research at Anand Rathi Shares and Stock Brokers, investors should keep an eye on GRSE, Redington, and Raymond Realty for potential gains today.

GRSE – Mean Reversion + Weekly Reversal

Buy near: ₹2,650–₹2,600 | Stop Loss: ₹2,300 | Target: ₹3,200

After correcting from the ₹3,600 zone, GRSE has shown a reversal candlestick on the weekly chart. The daily RSI bouncing from support suggests a momentum reversal, making it a strong candidate for a bounce-back.

Redington – Hidden Bullish Divergence + Pullback Setup

Buy near: ₹250 | Stop Loss: ₹224 | Target: ₹300

Redington has corrected nearly 100 points from its peak, retracing over 50% of its previous rally. A hidden positive divergence on the weekly RSI and a reversal candle indicate a potential strong pullback rally.

Raymond Realty – Momentum Revival After Correction

Buy near: ₹715–₹705 | Stop Loss: ₹665 | Target: ₹800

Though recently listed, Raymond Realty's price action suggests the corrective phase is nearing completion. A 2-hour RSI breakout and supportive volume action hint at renewed strength.

Disclaimer: The opinions and recommendations are those of the brokerage and do not reflect the views of The Times of India. Always consult a qualified investment advisor before making any investment decisions.