Best Stocks to Buy Today in India – Paresh Gordhandas Power Calls

(EOD 21 Jan 2026 close: Rs. 557.30)

Setup summary

• All trends are BULLISH (5D/21D/63D) and price is well above all key averages (20D SMA 524.5; 200D SMA 303) → strong uptrend intact.

• Recent momentum is powerful (+43.8% in 1 month, +62.9% in 3 months) with very strong volumes (3.73 cr shares) → indicates institutional participation / active interest.

• ADX 47.64 confirms a strong trending market (not a sideways stock).

• RSI 65 is strong but not extreme; however the stock is near the upper end of the recent range, so entries should be planned.

Important indicator read (what it implies)

• MACD positive (39.54) but histogram negative (-4.20) → uptrend is intact, but near-term momentum is cooling, so expect dip/consolidation before next leg.

• Stoch %K 48.7 / %D 41.1 and StochRSI lowish (33) → supports more upside capacity after a short pause.

• Parabolic SAR 516.32 → trailing trend support is far below; trend remains bullish unless price breaks down sharply.

• ATR 25.36 → daily swing range is large; plan stops accordingly.

Key levels (from pivots + structure)

• Immediate resistance: 560.5–563.9 (Fib R1 560.51 + Camarilla R1 560.59 / R2 563.87)

• Breakout zone: 568.9–570.0 (Fib R2 568.97 + Pivot R1 569.98)

• Next targets: 577.0, then 582.7 (Camarilla R4 577.02 + Pivot R2 / Fib R3 582.67)

• Higher stretch (only if momentum continues): 592–605 (Fib R4 592.42 / Fib R5 604.82; Camarilla 596.74)

Supports / buy zones

• Support 1 (ideal buy-on-dips): 547–550

  • Reason: Pivot 546.82 + Camarilla S3 547.44 + Camarilla S2 550.73 = strongest near-term demand belt.

• Support 2 (deeper add zone): 534–533

  • Reason: Pivot S1 534.13 + Fib S1 533.12 = secondary support.

• Trend support (positional safety): 516–515

  • Reason: Parabolic SAR 516.32 + 20D EMA 515.11 (only if a deeper shakeout happens).

Trade plan (short-term 4–6 weeks style)

Plan A: Buy on dips (preferred; avoids buying into resistance)

• Buy zone: Rs. 550–547

• Add on deeper dip: Rs. 534–533

• Stoploss (swing): Daily close below Rs. 525

  • Reason: below 20D SMA (524.53) = trend momentum starts weakening.

• Targets:

  • T1: Rs. 570

  • T2: Rs. 582–583

  • T3: Rs. 592–605 (only if it sustains above 583 with volume)

Plan B: Buy on breakout (for confirmation traders)

• Trigger: Sustained move / close above Rs. 570

  • Reason: clears the pivot resistance band (Fib R2 + Pivot R1 zone).

• Stoploss: Rs. 546 (closing basis)

• Targets:

  • 582–583, then 592–605

Risk & behaviour expectation

• With ADX ~48, trend is strong, but ATR is high → expect sharp intraday swings.

• Near 560–570 supply zone, there can be spikes and pullbacks; hence dips or confirmed close above 570 is the clean approach.