Stock market recommendations: Hindustan Aeronautics Ltd (HAL), and United Spirits Ltd have been identified by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities as the top stocks to buy this week starting July 27, 2026. He has also shared his views on Nifty and Bank Nifty:
Stock recommendations:
Hindustan Aeronautics LtdHAL has delivered a strong ascending triangle breakout on the daily timeframe, signalling renewed bullish momentum. Following the breakout on July 21, the stock briefly moved higher before retesting its earlier resistance, where fresh buying interest emerged, reaffirming investor confidence. Trading above both short and long term moving averages, with the moving averages sloping upwards, the setup points to strengthening momentum. The DI+ holding above DI- on the ADX indicator highlights that the bulls remain firmly in control, while the MACD slope trending upward further reinforces the positive bias. Overall, the technical structure suggests HAL is positioned for sustained strength and potential continuation of its uptrend. Hence, we recommend to accumulate the stock in the zone of 4560-4605 with a stoploss of 4425. On the upside, it is likely to test the level of 4930 in the short term.United Spirits LtdUNITDSPR gave a downward sloping trendline breakout on the weekly chart three weeks ago. The stock initially moved slightly higher but later retested its earlier trendline resistance before strong buying interest propelled it into a sizeable bullish candle on the weekly timeframe. It now trades above key short and long term moving averages, with the moving averages pointing upward to signal strengthening momentum. The RSI has turned higher and is comfortably above 60 on both daily and weekly timeframe, reflecting robust bullish traction. Notably, the stock has closed above the upper Bollinger Band, a phenomenon often seen at the start of strong trends. Meanwhile, the DI lines have widened, with DI+ placed firmly above DI-, underscoring strong buyer control.Overall, the technical setup highlights a well-established bullish structure with potential for sustained upside. Hence, we recommend to accumulate the stock in the zone of 1460-1475 with a stoploss of 1420. On the upside, it is likely to test the level of 1580 in the short term.Nifty ViewLast week, the benchmark Nifty remained range-bound during the first half of the week before witnessing intensified selling pressure over the final three sessions. As a result, the index settled at 23767, down 2.33% for the week. Sentiment remained subdued amid a sharp rise in Brent crude oil prices following the escalation of the US-Iran conflict, along with an increase in the US 10-year bond yield, which weighed on global equity markets.Despite the weakness, Friday’s session provided some signs of support emerging at lower levels. Nifty found buying interest near the 61.8% Fibonacci retracement of its recent rally from 23070 to 24531, leading to a modest recovery from the day’s lows. Consequently, the index formed a bearish candle with a small lower shadow on the weekly chart, indicating the presence of selective buying. Notably, the rebound was largely led by large-cap stocks, suggesting resilience in the broader market leaders.However, the overall technical setup remains cautious. The index continues to trade below its key short and long-term moving averages, while the 20-day and 50-day EMAs are trending downward, highlighting weak momentum. The Daily RSI is hovering around 43 and remains below its 9-day average, indicating subdued strength. Additionally, the MACD histogram continues to stay below the zero line, reinforcing the prevailing bearish bias.Going forward, the 23650-23600 zone will be a crucial support area for Nifty. A decisive breach below 23600 could extend the correction towards 23450 and subsequently 23300. On the upside, the 23950-24000 zone, which coincides with the 50-day EMA, is expected to act as a significant resistance hurdle. A sustained move above this range would be required to improve the near-term outlook.Bank Nifty ViewBank Nifty remained highly volatile during the week. After touching a high of 58228, the index witnessed sharp selling pressure and corrected significantly. However, strong buying interest emerged near the 56000 level, helping the index recover from lower levels. Despite this rebound, Bank Nifty ended the week around 56700, down more than 3%.From a technical perspective, the index briefly slipped below its crucial 200-day EMA on Friday but managed to reclaim and close above it, highlighting the significance of this support zone. Momentum indicators and oscillators are currently suggesting a range-bound to sideways trend, indicating the absence of strong directional momentum in the near term.Going forward, the 56000-55800 zone will remain a critical support area, as it coincides with the 50% Fibonacci retracement of the previous upmove. A sustained break below 55800 could intensify selling pressure and drag the index towards 55000, followed by 54400.On the upside, the 57300-57400 zone, which aligns with the 20-day EMA, is likely to act as an immediate hurdle. A decisive move above this resistance band would be required to improve the near-term outlook and revive bullish momentum.(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.)
