Stock market recommendations: Adani Power, and IndusInd Bank – Bajaj Broking Research has recommended these two stocks to buy today, July 17, 2026, with a one-month horizon for the target price to be achieved. Let’s take a look:
Stock Recommendations:
Adani PowerBuy in the range of Rs 215-221
The stock is forming base around the key support area of 212-217 being the confluence of the last month low, 38.2% retracement of the previous major up move from 145 to 254 and the 50 days EMA thus offers favourable risk-reward set up.We expect the stock to resume up move and head towards 246 levels in the coming month being the 80% retracement of the entire previous decline (254-215).Daily stochastic has generated a buy signal moving above its three periods average thus validates positive bias in the stockIndusInd BankBuy in the range of Rs 995.00-1015.00
The share price of IndusInd Bank is consolidating in a range in the last seven sessions after its preceding six sessions strong up move. The entire consolidation is taking the shape of a bullish flag. We expect the stock to generate a breakout above the bullish flag formation thus offering a fresh entry opportunity. The stock is expected to head towards the 1095 level over the coming month, being the key retracement area and the high of November 2024.The daily MACD remains in uptrend and is sustaining above its nine periods average thus validating positive bias.Stock market round-up of Thursday’s sessionBSE Sensex and Nifty ended Thursday’s session largely flat as gains in information technology stocks were offset by profit booking in heavyweight counters such as HDFC Bank and Reliance Industries amid persistent geopolitical tensions.BSE Sensex closed marginally higher by 1.44 points at 77,186.87. During the session, the benchmark had advanced as much as 394.26 points, or 0.51 per cent, to touch 77,579.69 before surrendering most of its gains in late trade. The NSE Nifty50 slipped 5.75 points, or 0.02 per cent, to finish at 24,072.75.According to experts domestic equities came under pressure from volatile crude oil prices and weakness across Asian markets.On the other hand, Financial Services, Industrials, the Private Banks index, Utilities, Bankex, PSU Bank, Top 10 Banks, Realty and MidSmall Private Banks Quality Tilt ended in the red.(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.)
