Kamal Ghorui
Stock market recommendations: NLC India, and Sammaan Capital have been chosen by Bajaj Broking Research as the top stocks to buy on May 8, 2026, with a 1-month target horizon.NLC IndiaBuy in the range of ₹ 322.00-330.00
The stock has recently generated a breakout above its two-year consolidation range 311-186 signaling strength and offers fresh entry opportunity.The stock is also seen sustaining above its 20 weeks EMA highlighting strength and extension of the up move. The stock has key support in the range of 300-310 being the confluence of the 20 weeks EMA and the recent breakout area.We expect the stock to head towards 358 levels being the 138.2% external retracement of the entire decline 311-186.Weekly MACD has recently generated a buy signal moving above its nine periods average thus validates positive bias in the stock.Sammaan CapitalBuy in the range of 149-153
The share price of Sammaan Capital has recently generated a breakout above the falling channel containing recent decline signaling resumption of up move and offers fresh entry opportunity.The stock is sustaining above its short-term moving averages 20 & 50 days EMA signaling strength and continuation of the up move.We expect stock to head towards 164 levels in the coming month, being the 61.8% retracement of the entire decline (193-129). (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.)
