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:

BAJAJ AUTO

CMP: 2848| RECO: BUY| TARGET: 2950| STOP LOSS: 2740

The stock is consolidating after forming bottom at Rs2755 with positive price action in the past few days, confirming an uptrend.

The key technical indicators also reversed from their lower levels and the stock has closed above its short term averages.

The stock has strong support on its weekly charts holding the short and medium term averages and the positive divergence in the last few weeks candle confirms the up-move.

Thus, for today’s trade, long position can be initiated at Rs2810 for target of Rs2950 with a stop loss of Rs2740.

JSW Energy

CMP: 65| RECO: BUY| TARGET: 69| STOP LOSS: 63

• JSW Energy ended on positive note post four consecutive down ticks as the stock reversed after taking support from its short-term moving average 20-day EMA and also 61.8% Fibonacci Retracement level of recent rally (Rs60-69).
• Oversold Stochastic is signaling a limited downside in the stock.
• RSI above 50-mark is indicating strength in the stock.
• As per the current daily set-up, we believe the stock is on the verge of turnaround and soon resume the uptrend.
• On the higher side, the stock will face resistance around the upper band of the rising channel.
• In case of any decline, its 50-day EMA will work as key reversal point for the stock.
• Thus, long position can be initiated here for the target of Rs69 and with a stop loss of Rs63.

Petronet LNG

CMP: 424| RECO: BUY| TARGET: 455-460| STOP LOSS: 408

• Petronet LNG rose to new life-time-high post giving break-out from the horizontal resistance line.
• Steady rise in RSI & MACD post their positive cross-over is signaling strength in the stock.
• As per the current daily set-up, we believe that stock will continue its northward journey and soon complete the bullish pattern by climbing Rs455-460 level (i.e. the rise of Rs39 from its break-out point Rs416).
• However, in case of any decline, the stock will find support at around Rs408, which coincides with lower band of the channel and also with its short-term moving average 20-day EMA.
• Thus, long position can be initiated here for the target of Rs455-460 and with a stop loss of Rs408.