Mirae Asset Sharekhan Issues Fresh Stock Recommendations
Somil Mehta, Head of Alternate Research and Capital Market Strategy at Mirae Asset Sharekhan, has released new stock market recommendations for today, January 13, 2026. Investors should consider specific actions on three prominent stocks.
Hindustan Zinc Gets a Buy Rating
Analysts recommend buying Hindustan Zinc shares. The ideal entry range falls between Rs 623 and Rs 624 per share. Traders should set a stop loss at Rs 558. The price target for this stock is Rs 750.
The stock has been consolidating within a broad range for the past two weeks. It remains positioned above the short-term 20 and 40-day daily moving averages. Market experts expect the uptrend to resume soon.
Momentum indicators currently show positive signals, indicating underlying strength. The stock is trading above its previous weekly swing high of 620. Key resistance is noted at 700, while support holds firm at 573.
Sell Calls for Two Major Stocks
Somil Mehta advises selling shares of Computer Age Management Services (CAMS) and Naukri, which is operated by Info Edge India Ltd.
Computer Age Management Services (CAMS) Analysis
Sell CAMS in the price range of Rs 711 to Rs 710. The recommended stop loss is Rs 780, with a target price of Rs 650.
The stock has broken down from its consolidation zone, dropping below the short-term 20 and 40-day daily moving averages. It faced rejection from the 200-day daily moving average at 772, which was its previous swing high.
Momentum indicators have given a negative crossover below the zero line, signaling weakness. Key resistance stands at 767, and support is at 687.
Naukri (Info Edge India Ltd) Analysis
Sell Naukri shares between Rs 1314 and Rs 1315. Place a stop loss at Rs 1406, aiming for a target of Rs 1150.
This stock has been consolidating in a broad range for the past six months, trading below the 200-day daily moving average. A resumption of the downtrend is anticipated. The stock has faced multiple rejections from the 200-day exponential moving average at 1375.
Momentum indicators show a negative crossover below the zero line, confirming weakness. Key resistance is at 1392, with support at 1250.
Disclaimer: These stock market recommendations and views represent the personal opinions of the expert. They do not reflect the views of The Times of India. Investors should conduct their own research or consult financial advisors before making any investment decisions.
