Kamal Ghorui
Stock market recommendations: Jio Financial Services Ltd, Hindustan Zinc, and PVR INOX are the top stock recommendations by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares as the top stock recommendations for April 29, 2026:Jio Financial Services Ltd – Base Formation with Reversal StructureBuy: ₹255–₹250 | Stop Loss: ₹235 | Target: ₹280Jio Financial Services has recently formed a strong base near the 78.6% retracement zone, indicating buying interest at lower levels. An inverse Head & Shoulders pattern is also visible on the chart, supported by a neckline breakout, which signals a potential bullish reversal. In addition, RSI is trading above the 50 mark, suggesting improving momentum and scope for further upside. Overall, the technical structure remains positive, and sustained strength above the breakout zone may lead to the next leg of the rally in the near term.Hindustan Zinc Ltd – Breakout with Trend Continuation StrengthBuy: ₹630–₹615 | Stop Loss: ₹570 | Target: ₹700Hindustan Zinc witnessed a breakout above ₹610 in the previous trading session after a phase of consolidation just above its 50 DEMA, indicating strength in trend continuation. The breakout suggests renewed buying interest after a healthy pause. RSI is trading above the 60 mark, reflecting positive momentum, while the DMI indicator remains supportive with a bullish bias. Overall, the technical setup appears constructive, and sustained trading above the breakout zone could lead to further upside in the near term.PVR INOX Ltd – Long-Term Base Formation Near Key RetracementBuy: ₹1020–₹1000 | Stop Loss: ₹920 | Target: ₹1180PVR INOX is showing signs of a strong base formation, having created multiple bottoms in the ₹950–₹900 zone over the past year, indicating consistent buying interest emerging at lower levels. Importantly, the current base is developing near the 88.6% Fibonacci retracement of the entire rally from the COVID low, a zone often considered significant for potential reversals in technical analysis. The overall price structure suggests downside may be limited, while sustained strength from this support area could trigger a gradual recovery in the coming sessions.(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)
