Ahead of Monday's trading session, equity analysts at Mirae Asset Sharekhan have provided 'Buy' recommendations for three prominent Indian stocks: UTI Asset Management Company, Kalyan Jewellers India, and Gravita India Ltd. The analysis is based on recent technical chart patterns and momentum indicators, offering specific target prices and stop-loss levels for investors.
UTI Asset Management Company
UTI Asset Management Company (UTI AMC) has demonstrated a robust upside breakout from its weekly descending triangle pattern. This move signals resilience from its multi-support zone around Rs 900. The stock is currently trading above its 20 and 50-day exponential moving averages, indicating a sustained bullish trend. Daily momentum indicators, including MACD and RSI (above 65), show a positive crossover with strengthening green histograms, reinforcing the positive outlook.
- Recommendation: Buy
- Target Price: Rs 1,100-1,150
- Stop Loss: Rs 900
- Immediate Support: Rs 914
Kalyan Jewellers India
Kalyan Jewellers has exhibited a significant upward trend, breaking out of a falling channel on the daily timeframe. This follows a strong bounce from the demand zone at Rs 325, occurring after a 45 percent correction since August 8, 2025. The stock's price is now trading above its 200-day exponential moving average, suggesting a potential rally. Both daily and weekly momentum indicators display strong positive sentiment, supporting a continued bullish trend.
- Recommendation: Buy
- Target Price: Rs 530-554
- Stop Loss: Rs 325
Gravita India Ltd.
Gravita India Ltd. has traded on a positive trajectory after breaching its nearest hurdle at Rs 1,846, following a swing low at Rs 1,540. This suggests renewed buying interest that could propel the stock higher. The price is also supported by all short-term exponential moving averages, coupled with a golden crossover, indicating ongoing strength. Analysts maintain a positive outlook for Gravita India in the short to medium term.
- Recommendation: Buy
- Target Price: Rs 2,000-2,125
- Stop Loss: Rs 1,670
- Key Support: Rs 1,670
Disclaimer: This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.