Stock recommendations: Which stocks should you buy or sell on October 9?

Stock market advice: Axis Bank and Authum Investment & Infrastructure Ltd are suggested as top buy candidates on October 9, 2026, according to Hitesh Rathi, Technical Analyst at Angel One. In contrast, Dixon is viewed as a sell opportunity. Here's the rationale:

Buy Axis Bank at Rs 1245-1240; halt loss: Rs 1158; objective: Rs 1350-1360. Following a 16% surge earlier this year, AXISBANK has undergone consolidation. Although recent selling pressure has emerged, the medium-term bullish outlook remains viable, as traders have successfully maintained support at the Anchor Column's 1180 level.

Weak candlestick break down formations and an impending exhaustion gap suggest a potential resumption of the prior uptrend, particularly given the stock's proximity to a strong support zone and the presence of trapped sellers.

Buy Authum Investment & Infrastructure Ltd at Rs 550-545; halt loss: Rs 500; objective: Rs 620-630. AIIL has been demonstrating strong relative strength in a robust uptrend, characterized by higher highs and higher lows. The stock has found solid support in the 510-500 range, reinforced by consecutive bullish anchor columns that have held firm.

Furthermore, the stock has broken above its prior bearish anchor column, signaling a shift in control to buyers. This presents a compelling risk-adjusted entry point into a solid stock.

Sell Dixon at Rs 12650-12660; halt loss: Rs 13040; objective: Rs 12000-11965. DIXON has experienced a remarkable performance this fiscal year, but recent price action indicates a potential trend reversal, with the stock now trading below crucial exponential moving averages, with the 20 EMA falling below the 50 EMA, signaling a shift to a bearish short-term trend.

A bearish breakout and the formation of a double bottom sell on the 1% Point and Figure chart further corroborate this bearish structure. The 0.25% Point and Figure chart also supports the bearish outlook, as the stock triggers a follow-through double bottom after creating a bull trap, suggesting trapped buyers at higher levels.

Given the broader bearish trend in the market, DIXON offers a timely opportunity to enter an early position in a stock poised for a trend reversal.