Best stocks to buy today: Ankush Bajaj's top three recommendations for August 20

Copyright © HT Digital Streams Limit all rights reserved. Ankush Bajaj 5 min Read 20 Aug 2025, 05:30 AM ist Ankush Bajaj recommends three shares for August 20. Summary market expert Ankush Bajaj shares his top three stock recommendations for Wednesday, August 20. Discover his exclusive choices and analysis to inform your investment strategy. Indian stocks expanded their upward momentum on Tuesday, with measures firmly closing in the green, supported by strong global clues and sectoral rotation. The Nifty 50 advanced 103.70 points or 0.42% to finish at 24,980.65, while the Sensex climbed 370.64 points or 0.46% to end the session at 81,644,39. Nifty Bank rose by 130.25 points or 0.23% to close at 55,865,15, reflecting the selective buying interest in financial counters, although the upside remained. Top three stock choices by Ankush Bajaj for August 20 Godawari Power & ISPAT Ltd – Current Price: £ 216 Why it is recommended: Godawari Power shows a strong bullish momentum, with daily RSI at 70, MACD at 5 in a positive area, and ADX at 18, which indicates the trend strength. The stock recently broke above the large resistance to £ 210 with a head-and-shoulder outbreak, supported by a volume of 8.76m, suggesting that the rally continues. Pattern: Head-and-shoulder outbreak above £ 210 with a high volume MACD: Positive at 5, which confirms the merchant momentum RSI: 70, in Bullish Zone ADX: 18, which brings out the emerging trend strength technical analysis: the outbreak structure along with strong volume points to further upward to £ 244. as reflected in low p/e valuation. The sustainability of margins, cyclicalness in demand for steel/iron ore and volatility in raw material costs can weigh the stock. Buy at: £ 216 Target Price: £ 244 Stop Loss: £ 202 Motilal Oswal Financial Services Ltd – Current Price: £ 959.38 Why It Is Recommended: Motilal Oswal shows a strong bullish momentum, with the daily RSI at 62, MACD at 10.60 in positive terrain, and ADX indicates a reinforcement. The stock broke above £ 960 to a new high and is now testing this level. By maintaining more than £ 980, it could lead to a rally of more than 1,000 in the short term. Pattern: Breakout above £ 960 and the retest of MACD: Positive at 10.60, which confirms the merchant momentum RSI: 62, in Bullish area ADX: 18, Signal trend building Technical analysis: The re -test structure indicates congestion. A sustained near £ 980 could cause fresh momentum to £ 1,010. Risk factors: Vulnerability for regulatory changes, interest rate cycles and market volatility. Asset quality and dependence on capital markets pose additional business risks. Buy at: £ 959.38 Target Price: £ 1,010 Stop Loss: £ 932 Tata Motors Ltd – Current Price: £ 700.25 Why It Is Recommended: Tata Motors Show Strong Bullish Signals, With the Daily RSI at 62, MACD giving a positive crossing (value —3), and ADX on 25, which indicates a strong tendency. On the 45-minute timeframe, the stock broke above the upper channel of its trend line, pointing to a continuation period. Pattern: Break above the upper channel on the Intraday card MACD: Positive crossing, signals buy entries RSI: 62, in Bullish Zone ADX: 25, which gives a strong trend technical analysis: The outbreak with supportive momentum indicates an upside move to £ 735 in the nearby term. Risk factors: Carculinity of the car sector, global slowdown risks, rising raw material costs and exposure to international markets (Jaguar Land Rover) can affect performance. Buy at: £ 700.25 Target Price: £ 735 Stop Loss: £ 682 How the market performed on August 19 on Tuesday, sectoral performance resilience showed in cyclical products and consumer -driven spaces. Pharma (−0.34%), the financial (−0.06%), and healthcare (−0.05%) had light pressure, but strength of other segments overshadowed this weakness. Oil and gas rose 1.66%, car rose 1.31%, and FMCG added 1.05%, with a clear tilt to cyclical and demand-led plays. In inventory-specific action, Tata cars shone with a 3.59%jump, followed by Adani Gate that rose 3.18%, and the confidence that rose 2.78%. However, some heavyweights have limited the overall upside down. Dr Reddy fell 1.47%, Bajaj Finance fell 1.07%and Cipla dumped 1.04%. Softer-than-expected US inflation data revived the hope of a federal reserve in September, while domestic retail inflation cools to an eight-year low of 1.55% has lifted the investor sentiment. These twin maker -positive aspects provided a strong pillow, allowing Nifty to keep more than 24,600 despite sectoral disorders. Nifty Technical Analysis: Daily & Hurnal The Nifty 50 continued its upward momentum on August 20, 2025, which was closed at 24,980 with a profit of 103 points or 0.42 percent, which expanded the resilience to recent volatility. On the daily timeframe, the moving average setup still keeps the broader structure careful, as the 20-day moving average at 24,747 trades is slightly below the 40-day exponential movement average at 24.839. However, with the price sustained above both averages, the undertone becomes constructive. The daily RSI further strengthened to 55, which moves comfortably above the neutral 50 point, while the MACD, although still negative on -83, continues with moderate, reflecting the fading pressure. This indicates that disadvantage risks reduce, and that momentum is gradually shifting in the bulls. Take a look at the full image source: Tradeview The hourly card painting a stronger picture. Here, the 20-hour moving average at 24,849 is firmly above the 40-hour exponential average at 24,765, which strengthens the bullish crossover seen in the previous session. Price action has gained above this support group, confirming the strength of the intraday. The hourly RSI at 65 reflects a healthy bullish momentum, although it is closer to the overbought area, while the MACD remains strongly positive at +95, which emphasizes the continued buying of interest. This intraday structure indicates that as long as Nifty holds above its short-term average, dips are likely to attract the question. Look at the full image source: Tradingview The setup of derivatives has also become more supportive. The total placed interest climbed up to 14.70 crore against a call of an open stake of 13.23 crore, giving a positive PE -CE difference of 1.47 crore contracts, which shifts the trend bias to Bullish. Put writers added 4.21 crore contracts compared to just 1.24 crore added to the call side, creating a positive OI change difference of 2.97 crore. The heaviest call is open to the 25,000 strike, which sements as the most important resistance zone, while the highest addition to the 25,500 strike was seen, suggesting that the offer is building higher. On the side of the side, the maximum OI and the largest addition to the 24,900 discontinue were seen, suggesting that traders actively increase the support base at current levels. With global clues that remain neutral-to-support-the shares consolidating stocks, rough, stable near $ 65-66, and the rupee stable around 87.6-the domestic setup remains the most important driver. In general, the index is switching from cautious consolidation to a constructive recovery phase. As long as Nifty sustains more than 24,900–24.850, the short -term prejudice remains positive, and a near 25,000 can cause an outbreak to 25,500. On the other hand, a slip below 24,850–24.765 would weaken momentum and shift the focus to 24,680. In short, the prejudice has become bullish, support moves higher, and 25,000 remains the critical level to look at a decisive exposition. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and NISM certification in no way guarantees the performance of the intermediary or gives any returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #Markets Premium #Stocks to buy #stock recommendation Read next story