3 hot stock picks from Reliance Securities

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26 Aug, 2025 12:21

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Vikas Jain, Senior Research Analyst, Reliance Securities recommends the following stocks:

Mahindra & Mahindra Ltd

CMP: 13701| RECO: BUY| TARGET: 1445-1495| STOP LOSS: 1330

• The stock found support around its long-term moving average 100-day SMA after witnessing a sharp decline from Rs1,430 and later rose to a one week closing high.
• Due to recovery in the price, key technical indicators-Stochastic and RSI has also reversed from the oversold zone/bull market support area.
• As per the current daily set-up, we believe that the stock is on a verge of turnaround and will soon resume its uptrend, where initially it will face hurdle around June month’s high and then at 52-week high.
• On the lower side, its long-term moving average will continue to work as a key reversal point, but in case of further decline, the stock will find support around its prior swing low.
• Thus, long position can be initiated here and on dips for a target of Rs1,445-1,495 with a stop loss of Rs1,330.

CMP: 4014| RECO: BUY| TARGET: 4400| STOP LOSS: 3830

• The stock reversed after taking support of its long-term moving average 200-day SMA forming a Double Bottom Pattern around Rs3,830 and rose to a 7-day closing high, signalling near-term turn-around.
• Rise in RSI post positive cross-over and recovery in MACD from its prior reversal level is also indicating that the stock is on the verge of a turnaround and will soon resume its up-trend.
• In case of any negative surprise, its long-term moving average will continue to work as a key reversal point and save the stock from falling.
• On the higher side, the stock will face major hurdle around the intermediate falling trend line, which is placed at Rs 4,400.
• Thus, long position can be initiated here and on dips for a target of Rs 4,400 with a stop loss of Rs 3,830.

CMP: 370| RECO: BUY| TARGET: 397| STOP LOSS: 354

• The stock has seen a decent correction from the high of Rs 425 and consistently making higher bottoms after touching the bottom at Rs 352.
• The key technical indicators have also reversed turning upwards and the stock is poised for a breakout from the current levels.
• The stock is consistently trading above its short term averages in the past few days, and the near swing high of Rs397 could be tested in the next few weeks.
• In case of any decline, the stock will find support in the Rs 360-354 range, where it has formed multiple bottoms.
• Thus, long position can be initiated here and on dips for a target of Rs 397 with a stop loss of Rs 354.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol are their own and not that of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.