Kamal Ghorui
Stock market recommendations: Birlasoft, Bajaj Holdings, and Gujarat Ambuja Exports Ltd are the stocks recommended for buying by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares today (April 8, 2026):Birlasoft – Triple Bottom with RSI Divergence SupportBuy: ₹365–₹355 | Stop Loss: ₹315 | Target: ₹470Since April 2025, BSOFT has been forming a strong base on the weekly timeframe, developing into a clear triple-bottom pattern, which indicates sustained accumulation. This structure is further supported by a 3-point bullish RSI divergence, highlighting strengthening underlying momentum despite price stability. The ₹325–335 zone has consistently acted as a robust long-term support area, while a bullish engulfing candle near the S1 floor pivot adds conviction to the setup. With the stock now trading near ₹370, the overall structure suggests a favourable risk-reward setup for a medium-term move higher.Bajaj Holdings – Base Formation with Triple RSI DivergenceBuy: ₹9150–₹9100 | Stop Loss: ₹8600 | Target: ₹10200Bajaj Holdings has been in a sustained downtrend but is now showing early signs of base formation around the 8800–9000 zone, indicating emergence of demand at lower levels. The price has started stabilizing after a sharp decline, suggesting that selling pressure is gradually getting absorbed. From a momentum perspective, a triple bullish divergence on the daily RSI highlights clear exhaustion on the downside and improving momentum. This setup points toward a potential pullback or early reversal, with higher probability of an upside move if the stock sustains above immediate resistance levels.Gujarat Ambuja Exports Ltd – Post-Breakout Retest within Ongoing UptrendBuy: ₹146–₹140 | Stop Loss: ₹130 | Target: ₹164GAEL delivered a decisive breakout above its 50-week EMA in December 2025 after a prolonged consolidation phase, signaling a shift toward a bullish structure. The stock is currently undergoing a constructive pullback, while continuing to trade above the Williams Alligator, indicating that the broader trend remains intact. The retracement appears healthy, with RSI cooling off toward neutral levels without turning weak, reflecting a pause rather than reversal. This alignment between price and momentum suggests the stock is preparing for the next leg of the uptrend.(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)
