Top stock market recommendations: Bharat Electronics Ltd (BEL), Canara Bank, and TVS Motor Company – these are the top 3 stocks that Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management has recommended buying on June 15, 2026. He has also shared his technical outlook for Nifty and Bank Nifty:Bharat Electronics Ltd (BUY):
- LCP: 419.85
- Stop Loss: 400
- Target: 470
The stock was consolidating in a tight falling channel for the past 2 months. Yesterday’s move has strongly broken out of that channel, with above-average volumes. The 400 level has repeatedly acted as a base for the counter, and now prices have jumped up to recapture the 200-day moving average as well. A strong follow-up move of further 10% is on the horizon for this stock.Canara Bank (BUY):
- LCP: 135.24
- Stop Loss: 129.50
- Target: 148
Prices have been consolidating in a tight pennant for the past 1.5 months. With the pattern nearly complete, an explosive move on either side is on the cards for this stock. ADX at current levels of 10 have historically signaled reversals for the stock, adding confidence to this setup. Yesterday, prices stood strong near the breakout of this pattern which makes it a lucrative spot for a long position. A strong support for this setup resides near the base of the pattern near 130.TVS Motor Company (BUY):
- LCP: 3448.70
- Stop Loss: 3300
- Target: 3760
This stock has repeatedly seen demand from 3300 levels since March 2026, forming an important inflection point. Over the past week, prices have rebounded strongly from this base, assisted with above-average volumes. A healthy pause has occurred for the past 2 trading days, but the gains have not been surrendered. With the RSI improving above 50, the stock appears to be gearing up for a follow-through up move towards 3760 levels.Index View: NiftyA follow-through of Monday’s ‘falling wedge’ breakout was witnessed yesterday, with 24000 standing as a strong support. The index is undergoing a 1000 pt upside momentum-driven breakout after its weekly closing above 23400 on Friday. Immediate upside levels to watch out for are now 24150 followed by 24600 for the index. Dips below 23850 can be considered to add on to existing longs while support remains at 23500.Bank NiftyBank Nifty also stood its ground after ending at a 7-week high as well as closing above its swing high. The Doji formed on Tuesday has been superseded by yesterday’s move, having closed above 57400. Furthermore, the index has settled firmly above its 200-day moving average for the past 3 consecutive sessions. This level (near 57000) is now acting as support on downside for the index. On the upside, 58800 can unfold in the medium term.Stock market round-up of Wednesday’s sessionThe market value of companies listed on the BSE has climbed back above the $5 trillion milestone, with investor wealth increasing by Rs 22.78 lakh crore as benchmark indices extended their rally for a fourth consecutive session on Wednesday. Sentiment remained supported by lower crude oil prices after the US and Iran reached a peace agreement.Over the past four trading sessions, the BSE Sensex has gained 3,323.07 points, or 4.50%, while the NSE Nifty is up 924.1 points, a rise of 3.98%.Domestic benchmark indices ended higher on Wednesday, extending their winning streak to four sessions. The 30-share Sensex rose 347.14 points, or 0.45%, to close at 77,155.62. During the session, it touched an intraday high of 77,218.99, up 410.51 points or 0.53%.The Nifty50 gained 96.55 points, or 0.40%, to settle at 24,085.70. Earlier in the day, the index climbed as much as 119.05 points, or 0.49%, to reach 24,108.20.Among Sensex constituents, Trent emerged as the top performer with a gain of 7.06%. Other notable gainers included Bharat Electronics, Eternal, Tata Steel, Infosys, Titan and Bharti Airtel.On the other hand, Bajaj Finserv, Axis Bank, Kotak Mahindra Bank and Mahindra & Mahindra were among the stocks that ended lower.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
