Top three stock recommendations by Ankush Bajaj for 18 September
Buy: Amber Enterprises Ltd — Current Price: ₹8,287.50
Why it’s recommended: Amber Enterprises is showing strong bullish momentum with a supportive structure. The daily RSI is around 68, reflecting firm buying strength. The MACD is strongly positive at +91, confirming continuation of the uptrend, while the ADX at 65 signals very strong trend strength. Price action remains supported by bullish averages, indicating the rally is well-backed technically.
Key metrics:
RSI (14-day): 68 — bullish momentum
MACD (12,26): +91 — strong positive crossover
ADX (14): 65 — strong trend strength
Technical view: Sustaining above ₹8,254 keeps the setup intact for a move toward ₹8,357
Risk factors: Stock is extended after a strong run, making it prone to profit-taking. High valuations can lead to volatility if earnings disappoint.
Buy at: ₹8,287.50
Target price: ₹8,357
Stop loss: ₹8,254
Buy: Maruti Suzuki India Ltd — Current Price: ₹15,801.00
Why it’s recommended: Maruti is sustaining at fresh highs with strong technical momentum. The daily RSI is around 80, firmly in the overbought zone, but highlighting heavy buying interest. The MACD is sharply positive at +136, confirming trend continuation, while the ADX at 63 indicates strong underlying trend strength. The setup remains bullish as long as key support is held.
Key metrics:
RSI (14-day): 80 — overbought but bullish momentum
MACD (12,26): +136 — strong positive signal
ADX (14): 63 — strong trend strength
Technical view: Holding above ₹15,760 allows room for an upmove toward ₹15,880.
Risk factors: Overbought RSI raises the risk of a short-term pullback.
The auto sector is vulnerable to raw material cost inflation and regulatory changes.
Buy at: ₹15,801.00
Target price: ₹15,880
Stop loss: ₹15,760
Buy: Mazagon Dock Shipbuilders Ltd — Current Price: ₹2,997.00
Why it’s recommended: Mazagon Dock is sustaining its uptrend after recent consolidations. The stock is trading close to its breakout zone and showing signs of strength near support. While RSI, MACD, and ADX values weren’t clearly available, the price structure remains positive, supported by higher-low formations and strong sector momentum in defence and shipbuilding.
Key metrics:
RSI (14-day): Positive bias (data not available)
MACD (12,26): Positive crossover bias
ADX (14): Trend supportive (sector strength)
Technical view: Sustaining above ₹2,985 keeps the bullish setup intact for a move toward ₹3,022.
Risk factors: Absence of strong momentum indicators may keep moves volatile.
The defence sector order cycle can add unpredictability.
Buy at: ₹2,997.00
Target price: ₹3,022
Stop loss: ₹2,985
Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:
Subros (current price ₹967.35)
Buy above ₹970 and dips to ₹915 | Stop loss ₹898 | Target price ₹1,125-1,150
Why it is recommended: After spending a lot of time in consolidation the trends at the moment in this counter has now come out of its recent challenge. With a strong thrust above the cloud the prices are hinting at some possible upside in the counter. After generating some support around 950 region the prices are steadily heading higher. Post surpassing this level the rise in momentum supported by steady volumes are highlighting possibility of more upward traction.
Key metrics: P/E: 40.41, 52-week high: ₹1083.20, Volume: 214.44K.
Technical analysis: Support at ₹805, resistance at ₹1200.
Risk factors: Market volatility and sector-wide fluctuations in geopolitical news could impact returns.
Buy: Above ₹970 and dips to ₹915.
Target price: ₹1125-1150 in 1 month.
Stop loss: ₹898.
Minda Corp (current price ₹531.75)
Buy above ₹532 and dips to ₹515 | Stop loss ₹500 | Target price ₹580-610
Why it is recommended: Minda Corp. Ltd, the flagship company of the Spark Minda Group, is a major Indian manufacturer of automotive components for original equipment manufacturers (OEMs). The sharp decline since June after a moderate rise post its results are finding some strong supports at the TS & KS levels to break out of the cloud. With some revival seen in the last two days one can look at going long at current levels and also on dips.
Key metrics: P/E: 64.65, 52-week high: ₹623.40, Volume: 622.49K.
Technical analysis: Support at ₹460, resistance at ₹750.
Risk factors: Rising input costs, increased operational expenses, and potentially foreign exchange impacts.
Buy: above ₹532 and dips to ₹515
Target price: ₹580-610 in 1 month.
Stop loss: ₹500.
JK Tyre (current price ₹377.05)
Buy above 377 and dips to ₹367 | Stop ₹360 | Target ₹407-425
Why it’s recommended: The JK Tyre stock that had been undergoing some steady upward trajectory. The pullback into the TS & KS Bands since last 8 days are generating steady demand at lower levels. On back of robust results the strong up-move seen in the prices are signalling possibility of more upward traction. Consider a long opportunity.
Key metrics: P/E: 25.07, 52-week high: ₹437.05, volume: 364.72K.
Technical analysis: Support at ₹340, resistance at ₹425.
Risk factors: Volatility of raw material prices, intense competition, high debt levels, and the execution risk associated with its capital expenditure plans.
Buy: above ₹377 and dips to ₹367.
Target price: ₹1,141-1,165 in 1 month.
Stop loss: ₹1,020.
MarketSmith India’s best stock recommendations for the day
Buy: Hindustan Aeronautics Ltd.(current price: ₹4,890)
Why it’s recommended: Strong order book & visibility, technological capabilities, government support, monopoly position
Key metrics: P/E: 64.26, 52-week high: ₹1,456.50, volume: ₹54.88 crore
Technical analysis: Reclaimed its 100-DMA on above-average volume
Risk factors: Dependence on government orders, import dependence for components, geopolitical & policy risks
Buy: ₹4,860-4,950
Target price: ₹5,550 in two to three months
Stop loss: ₹4,590
Buy: Hyundai Motor India Ltd (current price: ₹2,650)
Why it’s recommended: SUV & premium feature momentum, capacity expansion & export role signs 3-year wage settlement pact with union
Key metrics: P/E: 38.32; 52-week high: ₹2,660; volume: ₹ 266.30 crore
Technical analysis: horizontal trendline breakout
Risk factors: Input cost volatility & supply chain concentration, EV & regulatory transition challenges
Buy at: ₹2,625-2,660
Target price: ₹2,990 in two to three months
Stop loss: ₹2,490
Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.
Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.
MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O’Neil IndiaPvt. Ltd. Sebi Registration No.: INH000015543
Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729.
Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
