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

Buy Donear Industries Ltd (Short Term Power Call)

CMP: Rs. 101.74

Price Action & Trend Setup

Donear Industries has witnessed a sharp momentum revival, gaining 11.6% in a single session and 15.6% over the past week, indicating strong short-term accumulation after a prolonged corrective phase. The stock has decisively moved above its short-term resistance zone and reclaimed key psychological levels near Rs. 100, signalling a change in near-term sentiment.

Trend structure:

• Short Term (5 days): BULLISH

• Medium Term (21 days): BEARISH

• Long Term (63 days): BEARISH

The setup suggests a short-term momentum breakout within a broader corrective trend, making this a tactical power call rather than a positional trend reversal.

Moving Averages & Volatility

• Price is now trading above all key short-term and medium-term SMAs and EMAs (20D to 89D) and has marginally crossed the 200D average near Rs. 100, which is a crucial development.

• The 20D–34D EMA cluster around Rs. 90–91 now acts as a strong demand and pullback zone.

• Parabolic SAR at Rs. 89 confirms the near-term bullish bias.

• Bollinger Bands: Price has closed above the upper band (Rs. 98.71), indicating a momentum-driven move rather than range-bound activity.

• ATR at 5.34 signals expanding volatility, supportive of short-term trending moves.

Momentum & Strength Indicators

• RSI at 65.82: Strong momentum, approaching overbought territory but still with room to extend.

• MACD (1.02 vs -0.94): Fresh bullish crossover with an expanding histogram, confirming momentum acceleration.

• ADX at 38.87 with DMI+ (34.87) well above DMI− (15.95) reflects a strong directional move.

• CCI at 146 and Williams %R at -16.47 indicate aggressive bullish pressure.

• StochRSI %K at 100 signals short-term overheating; brief consolidations or intraday dips are possible, but trend bias remains positive.

Support, Resistance & Trading Levels

Key Supports

• Rs. 100–99 (Pivot point & psychological support)

• Rs. 94–93 (Fibonacci & prior breakout zone)

• Rs. 90–91 (20D–34D EMA cluster – strong positional support)

Upside Levels

• Rs. 105–108 (Immediate resistance / Fibonacci R1–R2)

• Rs. 114–118 (Next breakout zone)

• Rs. 129 (52-week high – extended target if momentum sustains)

Risk Management

• A daily close below Rs. 98 would signal short-term exhaustion and consolidation.

• As long as the stock holds above Rs. 94, the bullish short-term structure remains intact.

• Traders should avoid chasing sharp intraday spikes and prefer buy-on-dips near support zones.

Power Call View (Paresh Gordhandas)

Donear Industries is showing a high-momentum short-term breakout, supported by strong price action, expanding volatility, and a clear pickup in trend strength indicators. While the medium- and long-term trends remain corrective, the current setup favours short-term traders, with higher levels likely as long as Rs. 98–94 support zone holds. This remains a tactical power call, best approached with disciplined risk management and a buy-on-dips strategy.

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