Top stocks to buy or sell: Stock market recommendations for today
Stock market recommendations: While Lupin, and KEI Industries are recommended as buy calls by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, Bharat Forge, and Punjab National Bank are seen as sell calls for May 5, 2026:Lupin: Buy in the range between Rs 2349 & Rs 2350; Stop Loss: Rs 2230; Target: Rs 2530 The weekly chart shows the price moving sideways in a wide range for the last eight weeks, but it is staying above a rising trendline. On the daily chart, the price is showing multiple support at the 50-day EMA and looks ready to break upward. At the same time, momentum indicators have crossed above the zero line, showing bullish strength. The main resistance is at 2400, and support is at 2250.KEI Industries: Buy in the range between Rs 5056 & Rs 5057; Stop Loss: Rs 4750; Target: Rs 5470 On the weekly chart, the stock has closed above the important resistance area and is now taking support from those levels, forming reversal candles. The daily chart shows a breakout from a consolidation zone above the 10-day exponential moving average. Momentum indicators are giving a positive crossover, suggesting strength. The key resistance is at 5300, and support is at 4870.Bharat Forge: Sell in the range between Rs 1846 & Rs 1845; Stop Loss: Rs 1925; Target: Rs 1730 On the weekly time frame, the stock is showing a double top chart pattern with RSI negative divergence. On the daily chart, it is forming a shooting star reversal at the rejection area. The price is trading below the 10-day exponential moving average, and momentum indicators are giving a negative crossover, indicating weakness. The key resistance is at 1870, and support is at 1790.Punjab National Bank: Sell in the range between Rs 110 & Rs 109; Stop Loss: Rs 115, Target: Rs 102 On the weekly chart, the stock is facing rejection from the 20 & 40 Weekly EMA. On the daily chart, it is forming a lower top and lower bottom pattern below the 200 DEMA and showing a range breakdown on the downside. At the same time, momentum indicators are below the zero line, indicating weakness. The main resistance is at 111, and support is at 105.(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.)