HDFC Life, Bank of Maharashtra, Fortis among top stocks to buy; check price targets

Bank of Maharashtra | Buy | Target Price: Rs 91-96 | Stop Loss: Rs 80
Bank of Maharashtra is showing a positive technical setup on the weekly chart, with the stock maintaining a higher-high and higher-low structure, indicating a sustained uptrend. The stock has previously broken out of a sideways consolidation range and has repeatedly found buying interest near the breakout zone. Multiple reversals from this area highlight a potential demand zone, supporting the prevailing bullish price structure. The stock is also finding support near its 20-week EMA, reinforcing the positive trend. The RSI is holding above the 50 mark, indicating that bullish momentum remains intact and buyers continue to maintain control. For positional trades, buying can be considered around 82.75, with additional accumulation on dips towards ₹80. The stock has the potential to move towards upside targets of Rs 91 and Rs 96. The Rs 76 level remains an important support zone, and holding above this level will be crucial for maintaining the positive technical setup.
Recommended by: Choice Broking

HDFC Life Insurance Company | Buy | Target Price: Rs 608-610 | Stop Loss: Rs 530
HDFC Life's daily chart shows a classic double-bottom formation, with the stock twice finding strong demand near the Rs 510-515 zone after a prolonged downtrend from the Rs 640 highs. The second bottom was higher than the first, signaling fading selling pressure, and the stock has since rebounded sharply towards Rs 560 levels, with a series of higher lows. The horizontal neckline near Rs 565-567 is the key resistance, having capped rallies twice. Immediate support is placed at Rs 540-545, followed by Rs 530 and the crucial base at ₹510-515 zone. Momentum indicators are constructive, with RSI climbing above 55 and MACD turning higher near the zero line. A decisive daily close above Rs 567 would confirm the pattern breakout, opening the way to Rs 590-600 zone. Therefore, one can take a conditional buy into a stock above the breakout level of Rs 567 for the expected upside of Rs 608-610 levels with stop loss below Rs 530 levels.
Recommended by: SMC Global Securities

Fortis Healthcare | Buy | Target Price: Rs 892 | Stop Loss: Rs 745
Fortis Healthcare Ltd is witnessing buying interest near its previous weekly swing-high breakout zone, with the weekly candle showing signs of support and a potential rebound. After peaking around Rs 1,100 in late 2025, it underwent a significant correction and has approached a crucial horizontal demand zone of Rs 750. This zone presents an important support base for stabilization and a potential recovery towards higher levels. The momentum indicator also signals the possibility of a recovery, with the RSI at 31.71, nearing the oversold territory. The RSI level, combined with the stock's proximity to the crucial demand zone, indicates scope for a technical rebound as buying interest improves. Sustaining this support zone could pave the way for an upside towards Rs 892. For positional traders, Fortis can be considered around Rs 794, with a stop-loss at Rs 745. It is showing signs of stabilisation near the crucial Rs 750 demand zone and sustained buying interest from this support area could drive a recovery towards the Rs 892 target.
Recommended by: Choice Broking