Kamal Ghorui
Stock market recommendations: MCX, Power Finance Corporation Limited, and BSE are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan has recommended for buying on March 17, 2026.MCX : Buy in the range between Rs 2,555 & Rs 2,556; Stop Loss: Rs 2,425; Target: Rs 2,700On the daily chart, the stock is consolidating in a range expected to give breakout in the upside. It is forming a higher top and higher bottom above the 20&40 DEMA . Momentum indicators are positive and above the zero line, showing strength. The key resistance is at 2624 and support is at 2450.Power Finance Corporation Limited: Buy in the range between Rs 406 & Rs 407; Stop Loss: Rs 384; Target: Rs 445On the weekly chart, the stock shows a breakout of a descending trendline and forming base formation at 200 DEMA i.e. 391.Expacted to give breakout of this range on upside. momentum indicators are giving positive crossover above the zero line, suggesting bullish momentum. The key resistance is at 426 and support is at 391.BSE: Buy in the range between Rs 2,857 & Rs 2,858; Stop Loss: Rs 2,710; Target: Rs 3,070On the weekly time frame forming a good reversal from the important demand zone On the daily chart, the stock shows a breakout of a consolidation zone. It is also taking support from the 20&40 DEMA .Momentum indicators are positive above zero line, suggesting strength . The key resistance is at 3030 and support is at 2775.(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)
