Analysts from Mirae Asset Sharekhan have offered their insights on key Indian stocks, providing trading recommendations, target prices, and stop-loss levels for State Bank of India (SBI), Suzlon Energy, and Bharat Electronics (BEL) as of July 20, 2026.
State Bank of India (SBI) | Buy
- Target Price: Rs 1,119-1,230
- Stop Loss: Rs 972
SBI has demonstrated a positive trend, finding crucial support near its recent swing low after a retracement from its peak of Rs 1,234. The stock is anticipated to climb higher once it successfully breaches the Rs 1,050 resistance level. A confirmed breakout above this point could propel SBI towards targets of Rs 1,119-1,230 in the short to medium term. Investors are advised to maintain their current holdings or consider re-entering at present levels, with Rs 972 serving as a key support benchmark. Further bolstering this outlook is a golden crossover of the 50 and 200 Exponential Moving Averages (EMAs) at Rs 1,025 and Rs 998, respectively, alongside positive daily momentum indicators, affirming a bullish stance for both short and medium terms.
Bharat Electronics (BEL) | Wait & Watch
- Resistance: Rs 435
- Support: Rs 400
BEL shares have been in a consolidation phase, trading within the Rs 400-435 range following a correction from its peak of Rs 473. The stock is currently positioned below its 200-day EMA of Rs 412. Market sentiment remains neutral, with a clear directional move expected only after a decisive breakout above Rs 435 or a breakdown below the Rs 400 support level. Investors are encouraged to hold existing positions while closely monitoring short-term support. Fresh buying is recommended only after the stock breaks out of this consolidation zone. Overall, BEL remains in a holding pattern, awaiting a near-term breakout.
Suzlon Energy | Buy
- Target Price: Rs 59-65
- Stop Loss: Rs 45
Suzlon Energy Ltd. has been consolidating within the Rs 51-58 range over the past three months, showing resilience after recovering from its base low of Rs 38. Should the company report strong Q1 FY27 results, the stock has the potential to revisit the Rs 65-75 levels in the medium term, particularly once it clears the Rs 59 hurdle. The momentum indicator has rebounded from its lower end and currently stands at 35, signaling resilience and sustained buying interest for both the short and medium term, with Rs 45 identified as a critical support level.
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.