Somil Mehta of Mirae Asset ShareKhan recommends buying Adani Green, DLF, Hindalco, and BPCL on November 3, 2026, with specific entry ranges, stop losses, and targets based on technical chart patterns.
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The article presents stock market recommendations for November 3, 2026, from Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, covering four stocks with technical analysis details including entry ranges, stop losses, targets, and chart patterns.
Stock market recommendations: Adani Green, DLF, Hindalco, and BPCL are the top stocks to buy today as per recommendations by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for November 3, 2026. Below are the details:
ADANIGREEN: Buy in the range of Rs 1337-1338; Stop Loss at Rs 1293; Target: Rs 1390 On the weekly chart, the stock has been consolidating in a broad range for the last four weeks near a critical support zone. On the daily chart, it has closed above the recent swing high and is sustaining above the short-term averages of 20 and 40 DEMA after forming a base near the 200 DEMA. The overall chart structure suggests accumulation at lower levels and improving bullish sentiment. Momentum indicators are in the buy zone, indicating strength and a positive outlook. The key resistance level is placed at 1358, while immediate support is seen at 1319.
DLF: Buy in the range of Rs 701-702; Stop Loss at Rs 675; Target: Rs 735 On the historical charts, the stock has faced multiple rejections from the same zone over the last four months. In today's session, it has shown a fresh breakout on the daily chart along with a higher-top and higher-bottom structure after taking support from the 200 DEMA. The breakout above the consolidation zone indicates fresh buying interest in the stock. Momentum indicators remain in the buy zone, indicating strengthening bullish momentum. The key resistance level is placed at 715, while support is seen at 690.
HINDALCO: Buy in the range of Rs 911-912; Stop Loss at Rs 876; Target: Rs 955 On the monthly chart, the stock is taking support near the 20-month exponential moving average. On the weekly chart, it has been forming a base over the last four weeks. Multiple positive reversal candlestick patterns have appeared near an important support zone, and the stock has closed above the 20 EMA after a long period. The price action reflects improving strength and signals a possible continuation of the upward trend. Momentum indicators are showing a positive crossover, suggesting improving bullish momentum. The key resistance level is placed at 935, while support is seen at 890.
BPCL: Buy in the range of Rs 293-294; Stop Loss at Rs 283; Target: Rs 305 On the weekly chart, the stock is taking support near the 200-week exponential moving average. On the daily chart, it is forming an inverted head-and-shoulders bullish pattern and has closed above the 20 EMA. A successful breakout from the current pattern may attract further buying momentum. The stock is expected to break out of this pattern on the upside. Momentum indicators are showing a positive crossover, with RSI taking support near the 40 level, indicating strength. The key resistance level is placed at 296, while support is seen at 286.
(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)
AI outlook — possibilities, not facts
Adani Green may reach the target price of Rs 1390 if bullish momentum continues
Possible · Within days
DLF may reach the target price of Rs 735 following the fresh breakout
Possible · Within days
Hindalco may reach the target price of Rs 955 if upward trend continues
Possible · Within days
BPCL may reach the target price of Rs 305 if the inverted head-and-shoulders pattern breaks out
Possible · Within days
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