Stock market recommendations: Bharat Electronics Limited, Oil India Limited, and Multi Commodity Exchange of India are the top stock picks for today recommended by Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers. He shares a comprehensive outlook on these stocks along with targets and stop loss levels:Bharat Electronics Limited – Support-Based Accumulation with Positive MomentumBuy: ₹455–₹445 | Stop Loss: ₹435 | Target: ₹485Bharat Electronics Limited is witnessing sustained support near its 20-day DEMA, with price action consolidating around this level, indicating underlying strength in the structure. Momentum indicators remain supportive, with RSI holding around the 50 mark, reflecting balanced momentum with a mild bullish bias. The DMI setup also remains positive, suggesting buyers continue to maintain control of the broader trend. As long as BEL sustains above the 20 DEMA, the structure remains constructive and favors further upside.Oil India Limited – Pullback to 20 DEMA with Trend Continuation SetupBuy: ₹490–₹480 | Stop Loss: ₹460 | Target: ₹530Oil India Limited is taking support near its 20-day DEMA, with price consolidating around this zone, signaling healthy retracement within an ongoing uptrend. RSI remains stable near the 50 level, indicating balanced momentum with a slight bullish tilt. The DMI structure continues to stay positive, highlighting sustained buying interest. As long as the stock holds above its 20 DEMA, the technical structure remains constructive, suggesting potential for trend continuation on the upside.Multi Commodity Exchange of India – Post-Breakout Retest with Strengthening MomentumBuy: ₹2450–₹2400 | Stop Loss: ₹2300 | Target: ₹2700Multi Commodity Exchange of India is currently taking support near its 20-day DEMA after a recent breakout, indicating strong institutional accumulation at these levels. The stock previously consolidated near the same moving average, forming a solid base structure. RSI is holding firmly above the 50 mark, reflecting positive momentum, while MACD has delivered a fresh bullish crossover, signaling a shift toward upward momentum. As long as MCX sustains above the 20 DEMA, the bias remains positive with scope for further upside in the near term.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
