According to The Times of India, Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan, has recommended four top stocks for June 23, 2026. The recommendations include Delhivery with a buy range of ₹483-484, Lodha Developers in the ₹926-927 range, REC Ltd at ₹369-370, and Indian Energy Exchange at ₹125-126. Each stock carries specific stop-loss levels and target prices based on technical analysis patterns.
As reported by The Times of India, Delhivery has broken out of an inverted head-and-shoulders pattern on the weekly timeframe and retraced 50% of the overall fall from its all-time high. The stock is showing support from the 200-week exponential moving average and forming higher tops and higher bottoms above short-term averages on the daily chart. Momentum indicators are above the zero line, indicating strength, with key resistance at ₹490 and support at ₹465.
According to The Times of India, Lodha Developers has been consolidating in a range for the past eight weeks on the weekly timeframe, showing multiple supports from the 0.382 retracement of the recent rise. On the daily chart, a breakout on the upside of this narrow range is expected, with the stock currently trading above short-term averages. Momentum indicators are giving a positive crossover, showing strength, with key resistance at ₹970 and support at ₹900.
As reported by The Times of India, REC Ltd is closing above the descending trendline while taking support from the 20- and 40-week exponential moving averages on the weekly chart. On the daily chart, the stock has broken out above the 200-DEMA and is forming a higher top and higher bottom structure. Momentum indicators are showing a positive crossover, indicating bullish strength, with key resistance at ₹375 and support at ₹358.
According to The Times of India, domestic equity benchmarks recovered on Monday with the BSE Sensex advancing 291 points to close at 77,094.07, while the NSE Nifty 50 rose 89.80 points to settle at 24,102.90. The recovery was supported by lower crude oil prices and encouraging global signals amid expectations of progress in US-Iran discussions. Among Sensex constituents, Tech Mahindra emerged as the top performer with gains of 1.87%, while Asian Paints registered the sharpest decline at 2.15%.
