Market Expert Reveals Key Stock Recommendations for January 27, 2026
In the ever-evolving landscape of the Indian stock market, expert insights play a crucial role in guiding investment decisions. According to Somil Mehta, Head of Alternate Research and Capital Market Strategy at Mirae Asset Sharekhan, investors should focus on specific opportunities and risks in today's trading session. His analysis highlights one strong buy recommendation and two sell calls, providing detailed technical perspectives for each stock.
Coal India: A Promising Buy Opportunity
Mehta identifies Coal India as the top stock to purchase today, suggesting entry in the price range between Rs 418 and Rs 419. He advises setting a stop loss at Rs 395 to manage risk, with a target price of Rs 465. This recommendation is backed by a thorough technical assessment.
The stock has been consolidating within a broad range over the past two weeks, maintaining positions above the short-term 20 and 40 Daily Moving Averages. This consolidation phase is characterized by a higher top and higher bottom formation, indicating potential for an upward trend resumption. Momentum indicators are currently positive, reflecting underlying strength in the stock's movement.
Additionally, Coal India is trading above the previous week's swing high of 412, with key resistance observed at 444 and support firmly established at 406. This technical setup suggests favorable conditions for investors seeking growth opportunities in the energy sector.
Coforge: Technical Breakdown Signals Sell
In contrast, Mehta recommends a sell call for Coforge, advising entry between Rs 1636 and Rs 1637. Investors should place a stop loss at Rs 1752 and target Rs 1500 for potential profits. The analysis points to concerning technical patterns.
Coforge has experienced a consolidation zone breakdown, falling below the short-term 20 and 40 Daily Moving Averages. The stock faced rejection from the 200 Daily Moving Average at 1689, which previously served as a swing high. Momentum indicators have given a negative crossover below the zero line, signaling weakness in the stock's performance.
Key resistance for Coforge is identified at 1708, while support lies at 1560. These factors collectively suggest that the stock may face downward pressure, making it a candidate for selling in the current market environment.
Fortis Healthcare: Downtrend Expected to Continue
Similarly, Fortis Healthcare receives a sell recommendation, with an entry range between Rs 844 and Rs 845. Mehta suggests a stop loss at 953 and a target of Rs 750. The stock's technical outlook appears bearish based on recent trends.
Fortis Healthcare has been consolidating in a broad range for the past six weeks, consistently trading below the 20 and 40 Daily Moving Averages. The stock has given a range breakdown below the 200 Daily Exponential Moving Average, indicating a potential resumption of the downtrend.
Momentum indicators have shown a negative crossover below the zero line, further confirming weakness. Key resistance is placed at 909, with support at 790. This technical analysis suggests that Fortis Healthcare may struggle to regain upward momentum in the near term.
Important Disclaimer and Expert Background
It is essential to note that these recommendations and views on the stock market are the personal opinions of the expert and do not represent the views of The Times of India. Investors should conduct their own research or consult financial advisors before making any investment decisions.
The analysis comes from the TOI Business Desk, a dedicated team of journalists committed to delivering timely and relevant business news. Their focus spans global business landscapes, covering various industries, economic trends, and exclusive reports to help readers navigate the complexities of the commercial world.
