Expert Stock Recommendations for January 28, 2026
According to Mehul Kothari, DVP - Technical Research at Anand Rathi Shares and Stock Brokers, investors should consider three specific stocks for potential buying opportunities on January 28, 2026. The recommended stocks are Chennai Petroleum, Oil India, and Punjab National Bank (PNB), each showing favorable technical patterns that suggest potential upside movements in the medium term.
Chennai Petroleum: Consolidation Near Key Support Levels
Buy Range: ₹850–₹840 | Stop Loss: ₹795 | Target: ₹950
Chennai Petroleum is currently experiencing a consolidation phase following its recent upward movement. The stock is trading near a crucial support zone between ₹850 and ₹840, which aligns with the previous breakout base and demand area. The overall technical structure remains positive as long as the price maintains above ₹795 on a closing basis.
The price action shows the stock holding near the Ichimoku cloud support, indicating that this consolidation is occurring within an ongoing medium-term uptrend. The Relative Strength Index (RSI) has cooled off into the neutral zone, suggesting a healthy momentum reset that could pave the way for a fresh upward move toward the target of ₹950.
Oil India: Consolidation with Strong Trend Support
Buy Range: ₹448–₹440 | Stop Loss: ₹425 | Target: ₹480
Oil India is trading near a significant support zone of ₹448–₹440 after undergoing a consolidation phase. This positioning indicates that buying interest is emerging at these lower levels. The broader technical structure remains positive provided the stock closes above ₹425.
The price is holding near key moving averages and trend support, suggesting that the current consolidation is part of an ongoing medium-term uptrend rather than a reversal. Momentum indicators are showing signs of stabilization, with the RSI in the neutral zone and the Average Directional Index (ADX) displaying strength. These factors provide scope for a fresh upward move toward the ₹480 level.
Punjab National Bank (PNB): Pullback to Support Within Uptrend
Buy Range: Near ₹122 | Stop Loss: ₹118 | Target: ₹130
PNB is witnessing a healthy pullback after its recent rally and is now trading near a strong support zone around ₹122. This level coincides with short-term moving averages and a prior demand area. The broader price structure remains positive as long as the stock closes above ₹118.
The price action suggests that this is a consolidation within an ongoing uptrend rather than a trend reversal. Momentum indicators have cooled off from higher levels, indicating a reset in momentum that could provide scope for a fresh upward move toward the ₹130 target.
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.
