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

GOKALDAS EXPORTS – STRONG RECOVERY RALLY WITH MOMENTUM BUILDING

CMP Rs.844.20

Technical Structure
Gokaldas Exports has staged a sharp recovery from lower levels after a prolonged corrective phase, with the short-term trend turning bullish while medium- and long-term structures are still in a rebuilding mode. The stock has surged nearly 41% over the past month, indicating aggressive accumulation after a base formation near the 650–700 zone. Price is now trading well above the 20DMA, 34DMA and 50DMA, signalling improving momentum, and has also crossed above the 200DMA, which reflects strengthening positional sentiment.

Momentum & Indicator Analysis
Momentum indicators suggest sustained bullish strength but not yet extreme overheating. RSI at 62.86 indicates healthy upside momentum with room for further expansion. Stochastics and StochRSI moving above mid-levels confirm accelerating buying interest.

MACD remains strongly positive with a widening histogram, showing fresh bullish momentum after a crossover. ADX at 43.44 with strong +DMI dominance reflects a trending environment rather than a sideways consolidation phase. Williams %R near -4 signals strong buying pressure, while CCI around 73 shows bullish continuation without extreme overbought stress.

Volatility & Price Behaviour
The stock is approaching the upper Bollinger Band zone (898.79), indicating momentum expansion. While this supports the bullish trend, it may also lead to short-term consolidation or sideways movement before the next leg higher. Parabolic SAR at 687.63 continues to trail well below price, confirming that the prevailing short-term trend remains upward. ATR at 55.78 indicates elevated volatility, suggesting wider trading ranges in the coming sessions.

Key Levels
Immediate Resistance: 882 – 920 zone (R1–R2 cluster)
Major Resistance: 1019+ levels (R3 zone breakout area)

Immediate Support: 821 – 783 band (Pivot to S1)
Strong Positional Support: 722 – 687 zone (trend support + SAR cluster)

Trend Expectation
Short-term structure remains positive after a powerful rebound rally. Some consolidation near the 880–900 region is possible due to proximity to resistance and upper band pressure. However, as long as the stock sustains above 783, the recovery trend is likely to continue toward higher pivot zones.

4–6 Week Positional Target (Power Calls View)
Primary Target Zone: 920 – 1019
Extended Target (Momentum Continuation): 1060+

View invalidation may occur only if price sustains below 722, which could signal a return to medium-term corrective structure.

Paresh Gordhandas Technical View
Gokaldas Exports is showing strong momentum revival after a lengthy correction, supported by rising volumes and improving trend indicators. The bullish crossover in momentum oscillators and price trading above key moving averages suggest that the stock may continue its recovery trajectory over the next 4–6 weeks, with dips likely to attract buying interest near key support zones.