Updated for 7 July 2026 | Delivery • Swing Trading • 2–8 Week Opportunities
Looking for the best stocks to buy today? Welcome to Paresh Gordhandas Power Calls, where we publish high-conviction technical stock recommendations based on price action, momentum, option data and trend analysis. Our research is updated every trading day before market hours and focuses on stocks with the strongest technical probability over the next 2–8 weeks.
What You’ll Find Today
✅ Best Stocks to Buy Today
✅ Breakout Stocks
✅ Swing Trading Ideas
✅ 2–8 Week Delivery Calls
✅ Entry, Target & Stop Loss
✅ Technical Analysis by Paresh Gordhandas
⭐ Recent Performance of Paresh Gordhandas Power Calls
| Date | Stock | Status | Return |
|---|---|---|---|
| 07 Jul | Aegis Logistics | Active | — |
| 07 Jul | Lloyds Engineering | Active | — |
| 03 Jul | Welspun Corp | Active | +7.5%* |
| 27 Jun | CarTrade Tech | Target-1 Achieved | +9.4% |
| 25 Jun | Eicher Motors | Closed | +12.7% |
*Returns are based on published recommendation prices.
⭐ Today’s Highest Conviction Breakout Stock
⭐⭐⭐⭐☆ RITES Ltd
| Rating | Value |
|---|---|
| ⭐ Conviction | ⭐⭐⭐⭐☆ |
| Holding Period | 2–6 Weeks |
| Potential | 10–18% |
| Risk | Medium |
| Suitable For | Swing & Delivery |
Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| RITES | Buy on Dips | ₹228–232 | ₹253 / ₹272 | ₹218 |
| RITES | Breakout Buy Above | ₹246 | ₹272 / ₹290 | ₹233 |
| RITES | Sell Below | ₹218 | ₹205 / ₹194 | ₹229 |
Why This Trade?
RITES closed at ₹235.43, registering an impressive 8.92% gain in a single trading session while extending its weekly gains to 15.12%. The stock is showing signs of fresh momentum after reclaiming all its major short and medium-term moving averages.
Although the medium-term and long-term trend remain technically bearish, the short-term trend has turned decisively bullish. The stock is now trading comfortably above the 20 DMA, 34 DMA, 50 DMA and 89 DMA, indicating that buyers have regained control.
The MACD has generated a positive bullish crossover, while the ADX at 27.14 with DMI+ (49.08) significantly above DMI− (15.22) confirms strengthening trend momentum. The price has also moved above the Upper Bollinger Band (₹230.70), reflecting strong buying interest and momentum expansion.
The stock has delivered:
- 8.92% return in 1 day
- 15.12% return in 1 week
- 11.85% return in 1 month
- 34.05% return in 3 months
- -15.92% return in 1 year
The improving technical structure suggests that RITES may be entering the early stages of a medium-term recovery.
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Trend Analysis
| Trend Type | View |
|---|---|
| Short-term Trend | Bullish |
| Medium-term Trend | Bearish |
| Long-term Trend | Bearish |
Price Structure
The stock is currently:
- Trading above the 20 DMA (₹212.43)
- Trading above the 34 DMA (₹208.98)
- Trading above the 50 DMA (₹212.25)
- Trading above the 89 DMA (₹207.96)
- Trading above the Upper Bollinger Band (₹230.70)
- Holding above Parabolic SAR support (₹209.85)
- Forming a higher-high and higher-low structure
- Approaching an important breakout resistance near ₹244–246
Breakout Indicators Suggest
| Indicator | Observation |
|---|---|
| RSI | 65.33 – Healthy bullish momentum |
| ADX | 27.14 – Trend strengthening |
| DMI+ | 49.08 |
| DMI− | 15.22 |
| MACD | Positive crossover with rising histogram |
| Stochastic | Bullish (%K 65.77 above %D 49.64) |
| CCI | 193.72 – Strong breakout territory |
| ATR | 9.28 – Healthy volatility |
Technical Conclusion
RITES has successfully reclaimed all major moving averages and is witnessing strong momentum expansion.
The positive MACD crossover, improving ADX, bullish DMI setup and strong CCI readings indicate increasing buying participation. While the stock has moved above its upper Bollinger Band, the RSI remains below the overbought zone of 70, suggesting that momentum could continue if follow-through buying emerges.
A sustained move above ₹244–246 would confirm a fresh breakout and could trigger the next leg of the rally.
As long as ₹218 remains protected, the overall technical outlook remains positive.
Key Intraday Levels
| Level | Price |
|---|---|
| Pivot Point | ₹235.44 |
| Immediate Resistance | ₹244.58 |
| Breakout Trigger | ₹246 |
| Strong Resistance | ₹253.73 |
| Major Resistance | ₹272.02 |
| Immediate Support | ₹233.75 |
| Strong Support | ₹228.45 |
| Positional Stop | ₹218.00 |
Breakout Strategy
| Scenario | Action |
|---|---|
| Above ₹246 | Fresh breakout buying likely |
| Sustains above ₹254 | Rally may extend towards ₹272–290 |
| Holds ₹228–232 | Buy-on-dips opportunity |
| Below ₹218 | Exit longs as weakness may increase |
Trading Interpretation
RITES is displaying a classic momentum recovery after reclaiming multiple moving averages and breaking above its upper Bollinger Band.
The combination of:
- Positive MACD crossover
- Strong DMI configuration
- Rising RSI
- High CCI reading
- Positive Momentum (24.94)
- Bullish Parabolic SAR
indicates increasing institutional buying interest.
A decisive breakout above ₹246 could open the path towards ₹272 initially, with a medium-term extension towards ₹290 if momentum sustains.
Best Strategy for Traders
- Conservative traders: Wait for a daily close above ₹246 before initiating fresh positions.
- Aggressive traders: Accumulate on dips near ₹228–232 with a strict stop-loss at ₹218.
- Swing traders: Consider partial profit booking around ₹253–254, and trail the remaining position toward ₹272–290.
- Momentum traders: Monitor volume expansion on any move above ₹246, as it would strengthen the breakout signal.
- Intraday traders: Keep a close watch on the Pivot Point at ₹235.44 for directional cues.
Pro-Level Technical View
Institutional traders often prefer stocks that reclaim their medium-term moving averages while exhibiting strengthening momentum indicators before challenging key resistance levels.
In the case of RITES, the preferred strategy would be to:
- Accumulate near the pivot and moving-average support zone (₹228–235).
- Add fresh positions only after a confirmed breakout above ₹246.
- Use ₹218 as a trailing stop-loss for positional trades.
- Book partial profits near the resistance cluster at ₹253–254.
- Hold the remaining position for ₹272–290, provided the breakout is accompanied by strong volumes.
Final Verdict: Bullish with Breakout Watch
RITES presents a high-probability swing setup supported by strong momentum, bullish indicator alignment, and price trading above key moving averages. A confirmed breakout above ₹246 could mark the start of a fresh uptrend, making it an attractive candidate for 2–6 week swing traders with disciplined risk management.
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