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:

BATA INDIA

CMP: 537| RECO: BUY| TARGET: 567-580| STOP LOSS: 510

• Bata India once again reversed from sub-515 mark (from resistance-turned-support line) and rose to an 8-day closing high.
• Due to recent reversal in the stock, we have observed positive divergence in the key technical indicators, which is quite positive for the stock.
• Currently, the stock is facing resistance in its short-term and medium-term moving averages amidst lack of participation. Hence, fresh long positions can be initiated on dips for better risk reward.
• In case of any negative surprise, a recent swing low will work as a key reversal point for the stock.
• Thus, long position can be initiated here for the target of Rs 567-580 and with a stop loss of Rs 510.

WIPRO

CMP: 258| RECO: BUY| TARGET: 284| STOP LOSS: 242

• Wipro continued prior consolidation after witnessing sharp decline from its multi month high of Rs 284.
• Due to recent consolidation in the price, key technical indicator-RSI reversed from its bull market support zone (i.e.40-33) and has given positive cross-over.
• As per the current daily set-up, we believe that stock is on the verge of a turnaround and will soon resume its uptrend.
• On the higher side, a major hurdle is observed around Rs 284, which is the prior swing high.
• In case of any negative surprise, lower band of that channel will save the stock from falling, but major support is placed around Rs 242, which is coinciding with the long-term moving average 200-day SMA and April month’s low.
• Thus, long position can be initiated here for the target of Rs 284 and with a stop loss of Rs 242.

HINDPETRO

CMP: 510| RECO: BUY| TARGET: 550-560| STOP LOSS: 490

• The stock has witnessed a sharp decline from its life-time-high of Rs 574.80 amidst profit-booking and slipped to Rs 490. Later, the stock reversed taking support of prior lows connecting horizontal trend line and managed to recover partial losses.
• Positive cross-over in Stochastic around its oversold zone is signaling that stock is on the verge of a turnaround and downside will be limited (if any).
• RSI also reversed from its bull market support zone (40-33) is also indicating strength in the stock.
• Thus, long position can be initiated here and on dips with a target of Rs 550-560 and with a stop loss of Rs 490.
• 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.