Investors looking for trading opportunities on Monday, December 2, 2025, received specific recommendations from a leading market expert. Somil Mehta, who serves as the Head of Alternate Research and Capital Market Strategy at Mirae Asset Sharekhan, has identified three stocks that appear poised for an upward move based on technical charts.
Expert Analysis and Key Stock Picks
According to Mehta's research, the top stocks to consider for purchase today are Ashok Leyland, HCL Technologies, and Bank of Baroda. Each pick comes with detailed entry levels, stop-loss limits, and price targets, providing a clear framework for traders.
Ashok Leyland: Eyeing a Triangle Breakout
The analysis suggests buying shares of the commercial vehicle maker, Ashok Leyland, in the price band of Rs 160 to Rs 161. For risk management, a stop-loss is advised at Rs 151, while the target price is set at Rs 175.
Technically, the stock is forming a small triangle pattern on its hourly chart and is finding support from the middle Bollinger Band. A breakout from this triangle on the higher side is anticipated. Momentum indicators are also flashing positive signals. The stock's uptrend is expected to continue, with a key resistance level identified at Rs 166.
HCL Tech: Resuming the Uptrend
For the IT major HCL Technologies, the recommended buy range is between Rs 1641 and Rs 1642. Investors should place a stop-loss at Rs 1570 and aim for a target of Rs 1780.
The stock has been creating a pattern of higher tops and higher bottoms while trading above its 20-day and 40-day daily moving averages. This structure indicates a potential resumption of the prior uptrend. Positive confirmation from momentum indicators strengthens this view. After consolidating in a broad range for the past two weeks, HCL Tech is expected to break out upwards. Key resistance is at Rs 1670, and support lies at Rs 1596.
Bank of Baroda: Breaking Out of Consolidation
The public sector bank, Bank of Baroda, is the third recommendation. The ideal entry zone is between Rs 296 and Rs 297, with a stop-loss at Rs 280 and a price target of Rs 325.
Bank of Baroda has been trading in a wide range for approximately four weeks. The technical setup now shows the stock giving a range breakout above its crucial 20 and 40-day daily moving averages. Adding to the bullish case, the momentum indicator has shown a positive crossover, suggesting the stock is likely to gain upward momentum. The immediate key resistance level to watch is Rs 300.
Important Disclaimer for Investors
It is crucial for market participants to note that these recommendations and views are the expert's own and are based on technical analysis. They do not represent the official stance of The Times of India. Investors are always advised to conduct their own research or consult with a qualified financial advisor before making any investment decisions, as stock market investments are inherently subject to risks.
