Top stocks to buy: Stock market recommendations for today - check list

Mazagon Dock Shipbuilders, ICICI Lombard General Insurance, JSW Energy, and DLF are the stocks recommended for buying today, according to Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan.

Mazagon Dock Shipbuilders can be purchased between Rs 2574-2575, with a stop loss at Rs 2487 and a target of Rs 2684. The stock is showing a descending trendline breakout on the weekly chart, and a higher top and higher bottom pattern above its short-term moving averages on the daily chart.

ICICI Lombard General Insurance is recommended to be bought in the range of Rs 1648-1649, with a stop loss at Rs 1575 and a target of Rs 1740. It's supportive of the 200-week EMA and displaying a positive RSI divergence on the weekly chart. On the daily chart, there are multiple positive reversal candles near the demand zone.

JSW Energy has a buy range of Rs 577-578, with a stop loss at Rs 559 and a target of Rs 600. It has formed a higher high and higher low structure on the weekly chart and broken out of a consolidation range on the upside, supported by the 20-day and 40-day EMAs on the daily chart.

DLF can be purchased between Rs 659-660, with a stop loss at Rs 632 and a target of Rs 694. On the weekly chart, the stock is forming a base near the 40-week EMA. The daily chart has shown a triangle pattern, and today, it has moved above its short-term moving averages and the 200-day EMA.