Kamal Ghorui
Stock market recommendations: Multi Commodity Exchange, Godrej Properties, and Bharat Dynamics Ltd are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan recommends buying on April 7, 2026. Below is a detailed analysis:Multi Commodity Exchange: Buy in the range between Rs 2540 & Rs 2545; Stop Loss: Rs 2440; Target: Rs 2690On the daily chart, the stock is showing a breakout of a broad range as well as a descending trendline by taking support from the 20 & 40 Daily Exponential Moving Averages (DEMA). It is forming a higher top and higher bottom above the 100 DEMA. Momentum indicators are positive and above the zero line, showing strength. The key resistance is at 2624 and support is at 2480.Godrej Properties: Buy in the range between Rs 1584 & Rs 1585, Stop Loss: Rs 1500; Target: Rs 1720 On the weekly chart, the stock shows a breakout of a descending channel and a double bottom structure formation at the 78.30% retracement level of the overall fall (1502). The daily chart shows reversal candles with positive RSI divergence. Momentum indicators are giving a positive crossover, suggesting strength. The key resistance is at 1665 and support is at 1500.Bharat Dynamics Ltd: Buy in the range between Rs 1224 & Rs 1225; Stop Loss: Rs 1180; Target: Rs 1330On the weekly time frame, the stock is showing support from an ascending trendline. 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 giving a positive crossover, suggesting bullish momentum. The key resistance is at 1280 and support is at 1190.(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)
