3 hot stock picks from Reliance Securities

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26 Aug, 2025 12:21

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Reliance Securities recommends the following stocks:

CMP: 1147| RECO: BUY| TARGET: 1225| STOP LOSS: 1100

• Asian Paints reversed after taking support around the lower band of the rising channel and also its medium-term and long-term averages and rose to fresh six months high.
• We believe the stock will continue undergoing positive momentum and soon it will revisit the life-time-high of Rs 1,225 as golden cross-over of moving average, rise in RSI and MACD post their positive cross-over is signaling the same and in favour of probable rebound in the stock.
• However, in case of any decline, the stock will find support around Rs 1,100, which coincides with the lower band of rising channel.
• Thus, long position can be initiated here and on dips for the target of Rs 1225 and with a stop loss of Rs 1100.MINDTREE CMP: 496| RECO: BUY| TARGET: 530| STOP LOSS: 480 Mindtree reversed after forming a “Double Bottom Pattern” around Rs 430 and rose to four months closing high, where it has surpassed the near-term hurdle of Rs 480 and closed above key moving averages.
• Rise in RSI and MACD post their positive cross-over is signaling strength in the stock.
• As per the current daily set-up, we believe that stock will keep inching higher and visit January month’s high of Rs 530.
• On the lower side, prior near-term hurdle will now act as key reversal point. Thus, long position can be initiated here for the target of Rs 530 and with a stop loss of Rs 480.

CMP: 431 | RECO: SELL | TARGET: 390 | STOP LOSS: 454

•  The stock is making lower tops with sustained price correction in the past 3 weeks confirming the down trend in the next few days.
• The key technical indicators and RSI has also reversed turning downwards and as the stock is in poised for a breakdown from current levels.
• The stock has closed below its short term daily averages confirming the downtrend and the recent swing high will continue to act as strong resistance for the stock.
• Thus, for today’s trade, short position can be initiated at current levels for target of Rs 390 with a stop loss of Rs 454.
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