Domestic brokerage firm SMC Global Securities has initiated 'buy' recommendations for four prominent Indian stocks, citing robust technical parameters and strong chart patterns. The firm suggests investors consider GAIL (India), Federal Bank, NBCC (India) Ltd, and Apollo Hospitals Enterprise Ltd for short-term gains amid fluctuating broader equity markets.
As of June 8, 2026, these recommendations come with specific target prices and stop-loss levels, offering investors guidance for potential entry and exit strategies.
GAIL (India) Ltd
Recommendation: Buy
Target Price: Rs 178-182
Stop Loss: Rs 158
GAIL (India) is currently navigating a critical long-term descending trend line resistance zone between Rs 168-170. The stock has shown improved buying interest and recovery from lower levels in recent weeks. While a decisive breakout above this resistance is still pending, technical indicators suggest the stock is entering a key decision zone. The Relative Strength Index (RSI) has moved above 58, indicating improving strength, and price action has stabilized. A sustained close above Rs 170 with higher volumes could trigger a rally towards Rs 178-185. Conversely, failure to hold above resistance may lead to consolidation.
Federal Bank Ltd
Recommendation: Buy
Target Price: Rs 325-335
Stop Loss: Rs 287
Federal Bank continues to exhibit strong performance, supported by a steady uptrend and robust relative strength. The stock recently broke out above a major resistance zone near Rs 585 and is trading close to its lifetime highs, signaling significant institutional participation. The breakout was accompanied by volume expansion, adding credibility to the move, while the RSI remains in bullish territory. The overall structure, characterized by higher highs and higher lows, remains positive. Short-term consolidation could present fresh entry opportunities, with further upside expected as long as the breakout level holds.
NBCC (India) Ltd
Recommendation: Buy
Target Price: Rs 115-118
Stop Loss: Rs 99
NBCC has demonstrated a strong recovery from its lower levels and is currently trading near the Rs 106 mark after a significant upward movement. The price structure has turned bullish, marked by consistent higher lows and strong momentum candles on the daily chart. Expanded volumes during the recent rally indicate renewed participation in the PSU infrastructure segment. Although the RSI is approaching overbought territory near 69, suggesting potential short-term consolidation, the bullish structure remains intact as long as the stock holds above the Rs 100-102 support region. A move towards Rs 112-115 appears possible in the near term.
Apollo Hospitals Enterprise Ltd
Recommendation: Buy
Target Price: Rs 8,800-9,200
Stop Loss: Rs 7,890
Apollo Hospitals maintains a strong bullish structure on the daily chart following a decisive breakout above the crucial Rs 7,850 resistance zone. The stock is comfortably trading near its lifetime highs, indicating sustained buying interest and institutional accumulation. Recent price action shows healthy consolidation after a sharp rally, which typically signifies underlying strength. Volumes have been supportive, and the RSI remains above 60, suggesting that momentum favors the bulls despite some short-term cooling. The broader trend remains positive as long as the stock sustains above the Rs 7,850-7,900 zone, with potential moves towards Rs 8,450 and Rs 8,600 in the coming sessions.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.