Stock market recommendations for June 10, 2026: Mehul Kothari, DVP - Technical Research at Anand Rathi Shares, has identified Bank of India, Hindustan Zinc, and Union Bank of India as top stock picks. Here are the detailed recommendations:
Bank of India: Consolidation Breakout with Improving Momentum
Buy: ₹145–₹140 | Stop Loss: ₹135 | Target: ₹157.50
Bank of India has been consolidating within a narrowing range over the past few weeks after a healthy correction from recent highs. The stock is now positioned near a crucial support zone and is showing signs of emerging from a bullish continuation pattern. It continues to trade above its 200-day exponential moving average (DEMA), indicating that the broader trend remains intact. Momentum indicators are also improving, with the Relative Strength Index (RSI) moving above the 50 mark, signaling strengthening buying interest. A sustained move above the immediate resistance zone could trigger the next leg of the upmove towards ₹157.50.
Hindustan Zinc: Oversold Rebound from Major Support Zone
Buy: ₹565–₹545 | Stop Loss: ₹514 | Target: ₹640
Hindustan Zinc has corrected sharply from its recent highs and is currently approaching a strong confluence support zone between ₹565 and ₹545. The stock is trading near the lower boundary of its long-term rising channel, a level that has historically attracted buying interest. Despite the recent decline, the broader long-term trend remains positive as the stock continues to hold above its 200-day moving average. The RSI has entered oversold territory, indicating that selling pressure may be nearing exhaustion. A rebound from the current support zone could drive the stock towards ₹640 over the next few months.
Union Bank of India: Base Formation Near Key Support
Buy: ₹170–₹164 | Stop Loss: ₹160 | Target: ₹185
Union Bank has undergone a healthy correction from its recent highs and is currently consolidating near an important support zone around ₹164–₹170. The stock has managed to hold above its long-term moving averages, keeping the broader bullish structure intact. The ongoing consolidation appears to be a base-building phase within the larger uptrend. Momentum is gradually improving, with RSI moving above the 50 mark and indicating renewed buying interest. A breakout above the immediate resistance zone could attract fresh participation and pave the way for an advance towards ₹185.
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.
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