According to The Times of India, Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities, has recommended Indian Hotels Company (INDHOTEL) and Sona BLW Precision Forgings Ltd (SONACOMS) as top stocks to buy for the week of September 21-25, 2026. The analyst has provided specific accumulation zones and target levels for both stocks based on technical analysis indicators.
As reported by The Times of India, Indian Hotels Company has witnessed a downward-sloping trendline breakout around mid-June and has been consolidating within a range since then. The stock continues to trade above key moving averages with DI lines widening and DI+ placed above DI- on the ADX indicator, indicating strong bull control over bears. The RSI has shown a sharp uptick, while the MACD line has crossed over the signal line on the daily timeframe, suggesting building bullish momentum. The stock closed marginally below the upper band of Bollinger bands, with indicators alignment suggesting a potential breakout and move higher. The analyst recommends accumulating in the 725-735 zone with a stoploss of 705, targeting 790 in the short term.
According to The Times of India, Sona BLW Precision Forgings has given a downward sloping trendline breakout on the daily chart with the RSI also giving a downward sloping trendline breakout, indicating renewed bullish momentum. The stock recently gave a strong bounce from its 50-day EMA and moved sharply higher, showing improvement in near-term sentiment. The pullback over the last two days was well supported by healthy volume rise, while the rising ADX on the weekly chart indicates bullish trend strength. The shrinking red histogram bars on the daily MACD chart signal easing near-term pressure with momentum building on the bullish side. The analyst recommends accumulating in the 800-815 zone with a stoploss of 775, targeting 870 in the short term.
As reported by The Times of India, Nifty ended the week with a marginal loss of 0.18% for the sixth consecutive trading session, though it witnessed a minor pullback. The benchmark index formed a bearish candle with lower shadow, indicating buying interest at lower levels. However, the index remains comfortably trading below short and long-term moving averages, which are in falling mode. The Daily RSI has rebounded after testing the low of 22.23 and currently quotes at 34.17 level, giving a bullish crossover that indicates a pause in correction. The 23050-23000 zone will act as important support as it represents the confluence of prior swing low and 61.8% Fibonacci retracement level, while the 10-day EMA zone of 23450-23500 will act as an important hurdle.
According to The Times of India, Bank Nifty has traded in a range of 1300 points for the last seven trading sessions but ended the week on a negative note for the fourth consecutive week. The banking benchmark formed a bearish candle with lower shadow on weekly scale. Currently, the index is trading below crucial moving averages with the 100 and 200-day EMA quoting flat due to consolidation. The 55700-55600 zone will act as important support as it contains the 50% Fibonacci retracement level, while the 56900-57000 zone will act as crucial hurdle. Any sustainable move on either side will lead to a trending move in the index.
