Somil Mehta, who heads Alternate Research and Capital Market Strategy at Mirae Asset Sharekhan, has shared his latest stock recommendations for January 20, 2026. He suggests buying two specific stocks and selling another one. Investors should pay close attention to these calls.
NTPC: A Strong Buy Signal
Mehta advises buying NTPC shares. The ideal buying range falls between Rs 342 and Rs 346 per share. He sets a stop loss at Rs 328 to limit potential losses. The target price for this stock is Rs 380.
NTPC has been consolidating within a broad range for the past two weeks. It is trading above its short-term 20 and 40-day daily moving averages. The stock recently broke out of a descending trendline. This breakout indicates that the uptrend is likely to resume.
Momentum indicators are positive, showing strength in the stock. It is also taking support from the 200-day daily exponential moving average. Key resistance sits at Rs 360, while support is firm at Rs 336.
Mphasis: Another Buy Recommendation
For Mphasis, Mehta recommends a buy. The suggested entry range is between Rs 2,894 and Rs 2,895. Place a stop loss at Rs 2,735. The target price is Rs 3,180.
Mphasis has been consolidating in a broad range for the last month. It is trading above its 200-day daily moving average. The stock is expected to move upward from here.
Momentum indicators are giving a positive crossover above the zero line. This shows underlying strength. Key resistance is at Rs 3,050, and support is at Rs 2,778.
Blue Star: A Clear Sell Call
Mehta issues a sell call for Blue Star. Sell in the range of Rs 1,760 to Rs 1,775. The stop loss should be at Rs 1,890. The target price is Rs 1,540.
Blue Star has been consolidating in a broad range below its 200-day daily moving average for two months. It has shown an ascending trendline breakdown below the short-term 20 and 40-day daily exponential moving averages. The stock is expected to continue its downward momentum.
Momentum indicators are negative, indicating weakness. Key resistance is at Rs 1,862, and support is at Rs 1,700.
Important Disclaimer
These recommendations and views come directly from the expert. They do not represent the views of The Times of India. Experts provide their own opinions on the stock market, other asset classes, and personal finance management tips.
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