Stock market recommendations for May 26, 2026: Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, has identified Larsen & Toubro (L&T), Bajaj Finance, and Bank of India as the top stocks to consider buying. Below are the detailed buy ranges, stop loss levels, and target prices for each stock.
Larsen & Toubro (L&T)
Buy Range: Rs 4030 to Rs 4040
Stop Loss: Rs 3880
Target: Rs 4400
On the weekly chart, the price has been moving sideways in a wide range over the past few weeks and has closed above the 10-week moving average. The daily chart shows multiple support at the 20 and 40 daily exponential moving averages (EMA), indicating readiness for an upward breakout. Momentum indicators have crossed above the zero line, signaling bullish strength. Key resistance is at Rs 4140, while support is at Rs 3940.
Bajaj Finance
Buy Range: Rs 940 to Rs 948
Stop Loss: Rs 903
Target: Rs 1030
The weekly chart reveals that the stock has moved above its previous swing high, taking support at the 20-week moving average. On the daily chart, the price is forming higher tops and higher bottoms above the short-term averages (20 and 40 DEMA). A breakout from a small consolidation pattern is visible, and momentum indicators show a positive crossover, suggesting strength. Key resistance is at Rs 990, with support at Rs 920.
Bank of India
Buy Range: Rs 146 to Rs 146.50
Stop Loss: Rs 140
Target: Rs 158
On the weekly timeframe, the stock has experienced a multi-week resistance breakout and is sustaining above the 40-week moving average. The daily chart shows a small range breakout with support from the 200-day EMA. Momentum indicators have given a positive crossover, indicating strength. Key resistance is at Rs 154, while support is at Rs 141.
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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