Top three stocks to buy today, 26 June, as recommended by Ankush Bajaj
Looking for stocks to buy today? Discover expert Ankush Bajaj’s top three picks for June 26, 2025.
Nifty50 advanced 0.80% on Wednesday, closing above 25,200, supported by improved global sentiment following a US-brokered ceasefire between Iran and Israel. The easing ofgeopolitical tensions led to a sharp decline in crude oil prices, bolstering risk appetite.
Additionally, a weaker US dollar and firm cues from Asian peers contributed to the positive momentum. Broad-based sectoral participation further reinforced the rally, enabling the index to break out of a five-week consolidation phase and surpass the key resistance zone around 25,200.Top 3 Stocks Recommended by Ankush Bajaj.
Top 3 Stocks Recommended by Ankush Bajaj
Buy: Polycab India Ltd. Current Price: ₹6,441.00
- Why it’s recommended: Polycab has broken out of arange-bound consolidation zone on both thedaily and weekly charts, indicating a strong bullish shift in trend. This kind of breakout often signals the start of a fresh upward leg. The stock is trading well above all key moving averages, and the RSI at ~67 shows strong bullish momentum without being overbought. MACD is positive, and the volume profile supports accumulation.
- Key metrics: Resistance level (short-term target): ₹6,815, Support level (pattern invalidation): ₹6,247
- Pattern: Range breakout on daily and weekly charts
- RSI: 67 on the daily chart — indicates strong bullish momentum with room to run
- Technical analysis: The breakout from a broad consolidation zone aligns with increasing volume and momentum indicators. The stock is forming higher highs and higher lows, reinforcing the bullish trend. Price action is firmly above 20/50/200-day EMAs.
- Risk factors: A fall below ₹6,247 would invalidate the breakout structure. As the stock has recently moved up, minor consolidation is possible if volume does not expand further.
- Buy at: ₹6,441.00
- Target price: ₹6,815
- Stop loss: ₹6,247
Buy: Wipro Ltd. (WIPRO) — Current Price: ₹269.40
- Why it’s recommended: Wipro is currently respecting a strong support zone between ₹245–248 and has formed a symmetrical triangle pattern on the 4‑hour chart, typically signaling a potential breakout continuation. The stock has also broken out of a multi-year resistance level on the weekly chart and is now shaping a volatility contraction pattern (VCP) on the daily timeframe — a bullish base formation known for generating strong moves when broken to the upside.
Technically, Wipro is trading above both its 20‑day and 50‑day EMAs, indicating near-term strength. The RSI is around 60, suggesting healthy bullish momentum without being overbought, and the MACD is trending positive, confirming the upward bias.
- Key metrics: Resistance/Target: ₹278 – ₹280,Support (SL): ₹264
- Pattern: Symmetrical triangle breakout on 4-hour; VCP on daily; multi-year resistance breakout on weekly
- RSI: 60 Bullish but still has room before overbought zone
- Technical analysis: The stock is showing strength across multiple timeframes with healthy consolidation, followed by breakout potential. Price above EMAs, rising volume, and positive MACD support the bullish view.
- Risk factors: A dip below ₹264 would invalidate the breakout setup and could lead to consolidation or downside retest.
- Buy at: ₹269.40
- Target price: ₹278 – ₹280
- Stop loss: ₹264
Buy: Mphasis Ltd. (MPHASIS) — Current Price: ₹2,752.60
- Why it’s recommended: Mphasis is exhibiting strong bullish momentum across multiple timeframes — from intraday charts to weekly candles. The stock recently showed abullish entry signal on the 15-minute chart, backed by abullish Harami pattern on the weekly chart and continued strength inHeikin-Ashi candles, suggesting upward follow-through.
The stock is currently trading above key moving averages on both daily and hourly timeframes, with technical indicators pointing to ongoing accumulation. TheRSI is in a healthy range, confirming buying strength without overbought concerns.
- Key metrics: Resistance/Target: ₹2,815 – ₹2,830,Support (SL): ₹2,714
- Pattern: Bullish Harami (weekly) + intraday bullish momentum
- RSI/MAs: RSI supports continued upside; price above 20/50 EMAs across timeframes
Technical analysis: The price structure favours bullish continuation, confirmed by candlestick setups and technical alignment across charts. The crossover strength in short-term MAs adds conviction to the entry.
- Risk factors: A break below ₹2,714 could negate the momentum setup and result in a retest of lower support levels.
- Buy at: ₹2,752.60
- Target price: ₹2,815 – ₹2,830
- Stop loss: ₹2,714
Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.Investments in securities are subject to market risks. Read all the related documents carefully before investing.
Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
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