Stock market recommendations for April 28, 2026, from Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, highlight three top stocks: Lupin, Jio Financial Services, and Adani Ports and Special Economic Zone. Here are the detailed buy recommendations with technical analysis.
Lupin: Buy in Rs 2324-2325 Range
Investors can buy Lupin in the range between Rs 2324 and Rs 2325, with a stop loss at Rs 2204 and a target price of Rs 2470. The weekly chart indicates that the stock has been moving sideways within a wide range for the past eight weeks, yet it remains above a rising trendline. On the daily chart, the stock is showing multiple support levels at the 50-day exponential moving average (EMA) and appears poised for an upward breakout. Momentum indicators have crossed above the zero line, signaling bullish strength. Key resistance is at Rs 2400, while support is at Rs 2240.
Jio Financial Services: Buy in Rs 253-254 Range
For Jio Financial Services, the recommended buy range is between Rs 253 and Rs 254, with a stop loss at Rs 243 and a target of Rs 267. The weekly chart reveals a breakout from a broad range, while the daily chart shows a formation of higher tops and higher bottoms above the short-term averages (20-day and 40-day DEMA). Additionally, the daily chart displays a breakout of an inverted head and shoulder pattern. Momentum indicators are showing a positive crossover, suggesting strength. The key resistance is at Rs 260, and support is at Rs 248.
Adani Ports and SEZ: Buy in Rs 1628-1629 Range
Adani Ports and Special Economic Zone can be bought in the range between Rs 1628 and Rs 1629, with a stop loss at Rs 1555 and a target of Rs 1720. On the weekly time frame, the stock is experiencing a multi-week resistance breakout and is sustaining above that level. In the daily chart, a small range breakout is observed, taking support from the 10-day DEMA. Momentum indicators are above the zero line, indicating strength. The key resistance is at Rs 1700, and support is at Rs 1600.
Disclaimer: The recommendations and views on the stock market, other asset classes, or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.
About the Author: The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports, and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce.
