Domestic equity markets continued their recovery momentum, buoyed by growing optimism around a de-escalation in US–Iran tensions and softening crude oil prices. The rally was broad-based, with notable gains in IT, realty, FMCG, and oil & gas sectors. Metal stocks, however, lagged, weighed down by a sharp pullback in global metal prices as supply-side concerns began to subside. Investor sentiment remains measured ahead of the upcoming US Fed policy meeting, the first under the newly appointed Chair.
Here are two stock recommendations for Thursday
Titagarh Rail - Buy: Rs 920
Stop-loss: Rs 897
Target: Rs 966-1012
Titagarh Rail Systems has given a decisive breakout above the Rs 915–920 resistance zone, supported by improving volumes and strong momentum. The stock is trading above its 20, 50, 100 and 200-day moving averages, confirming a bullish trend across multiple timeframes, while RSI near 69 indicates sustained buying strength.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Engineers India - Buy: Rs 243
Stop-loss: Rs 225
Target: Rs 255-265
Engineers India has been consolidating in a narrow range after a strong recovery from lower levels and is now attempting a breakout from a bullish ascending triangle pattern. The stock is trading above its 20, 50, 100, and 200-day EMAs, indicating a positive trend across timeframes. The recent bounce from the Rs 225 support zone and improving RSI above 55 suggest strengthening momentum.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
