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

Price structure & trend

• Last Close: 1976 is near the 52-week high zone (1993.7). This indicates a “near-breakout / breakout retest” structure.

• Trend is aligned across timeframes: 5D / 21D / 63D = Bullish, confirming the stock is in a sustained uptrend, not a one-day spike.

• The 1-day move of +5.18% with price holding near the top of the range shows aggressive buying interest, but also increases the chance of 1–2 sessions of consolidation.

Moving averages & support map (trend health)

• Price is comfortably above all key averages:

  • 20D SMA 1918 / 20D EMA 1902

  • 34D ~1860–1872

  • 50D ~1820–1845

  • 200D ~1728–1732

• This “stacked moving average” structure (short > medium > long) is classic bull trend confirmation.

• Practical supports:

  • Immediate support: 1949 (Pivot Point 1948.87)

  • Next support: 1914 (S1 1913.73)

  • Strong base zone: 1900–1920 (20D EMA + 20D SMA + BB mid)

Momentum & oscillators (strength vs overheating)

• RSI 63.81: positive momentum, not extreme—supports continuation.

• StochRSI %K 100 and Williams %R -12: indicates short-term overbought / stretched.
  → Meaning: upside can continue, but chasing at highs is risky; better entries come on dips.

• Stochastics %K 73 / %D 45: bullish, but watch if %K starts rolling over—often signals a quick pullback.

MACD / trend strength indicators

• MACD 29.99 vs Signal 34.59 (Histogram -4.60): despite the uptrend, MACD is slightly below signal—this often appears when a stock has run up fast and is pausing before the next push.

• ADX 29.50 with DMI+ (28.99) > DMI- (21.06): trend strength is healthy and improving; bulls still have the edge.

Volatility & bands (where the “mean” lies)

• Bollinger Upper 1982.72, Close 1976: price is hugging the upper band—bullish, but typically followed by tight range candles.

• ATR 46.74: expect daily swings of roughly 45–50 points; risk management must respect this (don’t keep very tight stops).

Key levels for next 1–10 sessions (actionable)

• Immediate resistance: 1983 (BB upper) then 1994 (52W high)

• Breakout confirmation: sustained trade above 1995–2003 (52W high + Camarilla R3 2002.79) can open faster momentum.

• Upside levels (if breakout holds):

  • 2009 (Fib R2 2009.06)

  • 2011 (R1 2011.13)

  • 2046 (Fib/Pivot R2 2046.27) – next major objective zone

• Supports to trail risk:

  • 1949 (Pivot)

  • 1914 (S1)

  • 1900–1920 (trend support zone)

Power Call / Trading plan (short-term call framework)

• Bias: Bullish / Buy on dips (preferable)

• Entry style:

  1. Dip-buy near 1950–1915, OR

  2. Breakout-buy only on a firm move above 1995–2003 with follow-through.

• Stop-loss idea (swing): below 1910 (below S1 / below the near-term trend cushion) OR a tighter stop below 1940 only if taking breakout trade with small size.

• Timeframe: short term (1–3 weeks) with trail stop as price moves up.