Top buy: Tata Steel, Polycab, Chambal Fertilisers, Canara Bank, Vedanta and others on Monday

Vedanta | CMP: Rs 513

Vedanta is in a robust uptrend across all time frames, having decisively broken out of a five-month consolidation range at Rs 480. With increased volumes and strong bullish indicators, it’s recommended to buy, hold, and accumulate Vedanta. The target is Rs 555-600, with a stop-loss at Rs 480.

Westlife Foodworld | CMP: Rs 930.5

Westlife Foodworld has broken out of a one-year down-sloping trendline at Rs 900, indicating a trend reversal. With significant volume and positive RSI, investors should buy, hold, and accumulate this stock. The target is Rs 1,000-1,095, with a stop-loss at Rs 900.

Dr Reddy's Laboratories | CMP: Rs 6,750

Dr. Reddy's Laboratories is in a strong uptrend, having rebounded sharply from its 100-day SMA. With positive RSI across all time frames, investors should buy, hold, and accumulate this stock. The target is Rs 7,000-7,150, with a stop-loss at Rs 6,600.

Canara Bank | CMP: Rs 113.1

Canara Bank has shown a strong resurgence from the 200-day SMA and broken out of a sloping channel. With increased trading volumes and positive technical indicators, it’s recommended to buy around Rs 110. The target is Rs 122, with a stop-loss at Rs 104.

Coal India | CMP: Rs 516.1

Coal India is in an uptrend, rebounding from the lower band of its rising channel. The MACD signals strong momentum, suggesting potential upside. It’s recommended to buy around Rs 515-510. The target is Rs 574, with a stop-loss at Rs 486.

Tata Steel | CMP: Rs 166.55

Tata Steel has demonstrated impressive gains and is comfortably above all significant EMAs. With robust volumes supporting its upward momentum, it’s recommended to buy around Rs 164-162. The target is Rs 180, with a stop-loss at Rs 154.

Chambal Fertilisers and Chemicals | CMP: Rs 525.25

Chambal Fertilisers has bounced back from a false downside breakout and is expected to break above its pattern neckline at Rs 525. With positive volume and RSI patterns, it’s recommended to buy. The target is Rs 575, with a stop-loss at Rs 495.

Shree Renuka Sugars | CMP: Rs 53.05

Shree Renuka Sugars has shown a sustainable upside bounce, moving above a crucial intermediate trendline. With positive volume and RSI signals, it’s recommended to buy. The target is Rs 59, with a stop-loss at Rs 49.

Polycab India | CMP: Rs 7,054.8

Polycab India has shifted into a sustainable upside bounce, breaking out of its consolidation range. With positive volume and RSI signals, it’s recommended to buy. The target is Rs 7,700, with a stop-loss at Rs 6,650.

Disclaimer: The views and investment tips expressed by experts are their own and not those of the website or its management. Please consult with certified experts before making any investment decisions.