Religare picks Mazagon Dock, Bharti Airtel, M&M Financial as weekly stock recommendations
The domestic brokerage noted that the Nifty50 index recently tested the 25,250 mark with support from broad-based participation, while the banking index crossed the 55,000 level.
- Sep 16, 2025,
- Updated Sep 16, 2025 5:52 PM IST
Religare Broking on Tuesday shared its weekly technical stock picks, highlighting Bharti Airtel Ltd, Mazagon Dock Shipbuilders Ltd and Mahindra & Mahindra Financial Services Ltd as buy candidates for the week.
The domestic brokerage noted that the Nifty50 index recently tested the 25,250 mark with support from broad-based participation, while the banking index crossed the 55,000 level. It expects the index to move toward 25,500 but advised traders to continue with a "buy-on-dips" approach and avoid aggressive positioning amid global monetary policy and trade-related developments.
Weekly stock picks by Religare:
1) Bharti Airtel Ltd | LTP: Rs 1,939.50 | Recommendation: Buy | Target: Rs 2,075 | Stop Loss: Rs 1,875
Religare said Bharti Airtel has given an upside breakout after consolidating in a symmetrical triangle pattern. The stock has reclaimed its 20- and 50-day exponential moving averages (EMAs), with RSI (Relative Strength Index) turning upward, indicating momentum in favor of continuation of the uptrend.
2) Mazagon Dock Shipbuilders Ltd | LTP: Rs 2,946 Recommendation: Buy | Target: Rs 3,170 | Stop Loss: Rs 2,850
According to the brokerage, Mazagon Dock has staged a breakout from a tight consolidation range after recovering from its 200-day EMA. Rising volumes and a move above short-term averages point toward renewed buying interest.
3) Mahindra & Mahindra Financial Services Ltd | LTP: Rs 278.55 | Recommendation: Buy | Target: Rs 299 | Stop Loss: Rs 269
Religare highlighted that M&M Financial has broken above its resistance at Rs 275 after consolidating in the Rs 245–285 range. The stock has formed a base above the moving average ribbon, suggesting the uptrend may resume.
Religare Broking on Tuesday shared its weekly technical stock picks, highlighting Bharti Airtel Ltd, Mazagon Dock Shipbuilders Ltd and Mahindra & Mahindra Financial Services Ltd as buy candidates for the week.
The domestic brokerage noted that the Nifty50 index recently tested the 25,250 mark with support from broad-based participation, while the banking index crossed the 55,000 level. It expects the index to move toward 25,500 but advised traders to continue with a "buy-on-dips" approach and avoid aggressive positioning amid global monetary policy and trade-related developments.
Weekly stock picks by Religare:
1) Bharti Airtel Ltd | LTP: Rs 1,939.50 | Recommendation: Buy | Target: Rs 2,075 | Stop Loss: Rs 1,875
Religare said Bharti Airtel has given an upside breakout after consolidating in a symmetrical triangle pattern. The stock has reclaimed its 20- and 50-day exponential moving averages (EMAs), with RSI (Relative Strength Index) turning upward, indicating momentum in favor of continuation of the uptrend.
2) Mazagon Dock Shipbuilders Ltd | LTP: Rs 2,946 Recommendation: Buy | Target: Rs 3,170 | Stop Loss: Rs 2,850
According to the brokerage, Mazagon Dock has staged a breakout from a tight consolidation range after recovering from its 200-day EMA. Rising volumes and a move above short-term averages point toward renewed buying interest.
3) Mahindra & Mahindra Financial Services Ltd | LTP: Rs 278.55 | Recommendation: Buy | Target: Rs 299 | Stop Loss: Rs 269
Religare highlighted that M&M Financial has broken above its resistance at Rs 275 after consolidating in the Rs 245–285 range. The stock has formed a base above the moving average ribbon, suggesting the uptrend may resume.