Sobha | Buy | Target Price: 1,860-1,875 | Stop Loss: 1,570
Sobha has showcased a strong bullish breakout on the daily charts, validating the formation of a double bottom pattern around the Rs 1,400 level. This classic reversal setup signifies a shift in trend from consolidation to a fresh up move. The stock has convincingly breached the neckline resistance near Rs 1,660, accompanied by rising volumes — confirming renewed buying strength. It now trades comfortably above its 200-DMA, underscoring sustained medium-term momentum. The overall setup suggests a robust trend reversal backed by strong technical confirmation. Therefore, one can accumulate a stock in range of Rs 1,680-1,700 levels with the expected upside of Rs 1,860-1,875 levels with stop loss below Rs 1,570 levels.
Recommended by: SMC Global Securities
Indian Hotels Company | Buy | Target Price: Rs 775 | Stop Loss: Rs 630
A key technical takeaway from the weekly chart of Indian Hotel is the time-price relationship, where the stock has taken 11 months to retrace merely 61.8% of the preceding 7 months rally from Rs 507 to Rs 894. This shallow and time consuming retracement reflects inherent strength and a bullish undertone. The recent corrective phase is interpreted as a higher base formation, setting the stage for the next impulsive leg on the upside. The ongoing corrective phase appears to be nearing exhaustion, with price action signaling the potential for a pullback towards the Rs 775 level in the coming month. This level represents the 50% Fibonacci retracement of the entire decline from Rs 894 to Rs 672 and coincides with the September 2025 high, reinforcing it as a key resistance zone. On the momentum front, the weekly stochastic oscillator has bounced from the oversold zone and recently triggered a bullish crossover above its 3-period moving average, reinforcing the underlying positive momentum and supporting the bullis
Recommended by: Bajaj Broking
Life Insurance Corporation of India | Buy | Target Price: 990-995 | Stop Loss: 880
LIC India has delivered a decisive breakout on the daily charts, marking the end of a prolonged consolidation phase. The stock had been trading within a rectangle pattern between Rs 860 and Rs 920 for several weeks, suggesting accumulation and indecision among market participants. A sharp move above the Rs 920 resistance zone, supported by noticeable volume expansion, now confirms a bullish breakout. The stock price has reclaimed its position above key moving averages, indicating the revival of a positive trend. Technical indicators support the breakout as RSI has moved above 55, reflecting strengthening momentum, while MACD shows a positive crossover, affirming improving sentiment. Therefore, one can accumulate the stock in range of 920-925 for the expected upside of Rs 990-995 levels with stop loss below Rs 880 levels.
Recommended by: SMC Global Securities