Kamal Ghorui
Stock market recommendations: Crompton, Hero Moto Corp, and JSW Steel are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan has recommended for selling on March 24, 2026.Crompton: Sell in the range between Rs 235 & Rs 238; Stop Loss: Rs 248; Target: Rs 220On the daily chart, the stock is giving a consolidation range breakdown. It is forming a lower top and lower bottom below the 20 & 40 WEMA. Momentum indicators are showing a negative crossover below the zero line, showing weakness. The key resistance is at 242 and support is at 227.Hero Moto Corp Ltd: Sell in the range between Rs 5100 & Rs 5120; Stop Loss: Rs 5368; Target: Rs 4700On the weekly chart, the stock shows a breakdown of an important demand zone as well as a broad range breakdown. On the daily chart, it closed below the 200-day Exponential Moving Average (i.e., 5252). Momentum indicators are negative below the zero line, suggesting bearish momentum. The key resistance is at 5213 and support is at 4917.JSW Steel: Sell in the range between Rs 1130 & Rs 1140; Stop Loss: Rs 1187; Target: Rs 1040On the weekly time frame, the stock is showing a breakdown of an upward channel. On the daily chart, after taking rejection from the 20 & 40 DEMA, it is showing a breakdown of the range as well as the 200 DEMA. Momentum indicators are negative below the zero line, suggesting weakness. The key resistance is at 1154 and support is at 1090.(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)
