Stock Recommendations for September 8, 2026: Key Buy and Sell Targets

On September 8, 2026, stock market analyst Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, shared his recommendations for investors regarding key stocks to consider. Among the stocks highlighted, the Life Insurance Corporation of India, Tata Steel, and Bank of India are advised to be sold, while GE Vernova T&D India is recommended as a buy.

For GE Vernova T&D India, investors are advised to buy within the range of Rs 4367 to Rs 4378, with a stop loss set at Rs 4185 and a target price of Rs 4593. The stock has shown consolidation on the weekly chart, taking support near the 40-week Exponential Moving Average (EMA). An inverted Head and Shoulders pattern has formed on the daily chart, indicating potential for an upside breakout in the near future. The Relative Strength Index (RSI) has also shown a bullish crossover, suggesting increasing buying interest, with key resistance at Rs 4500 and support at Rs 4300.

Conversely, the Life Insurance Corporation of India is recommended for sale in the range of Rs 412 to Rs 411, with a stop loss at Rs 425 and a target of Rs 395. The stock has been trading in a range for the past three weeks, and a head-and-shoulders pattern has emerged below the short-term averages, indicating bearish momentum. A breakdown below the neckline could lead to further selling pressure, with resistance at Rs 420 and support at Rs 405.

Tata Steel is also advised to be sold within the range of Rs 185.70 to Rs 185.60, with a stop loss at Rs 193 and a target of Rs 177. The stock has faced multiple rejections from the 20-week and 40-week EMAs and is currently consolidating below the 200 DEMA. Momentum indicators suggest weakness, with resistance at Rs 190 and support at Rs 181.

Further Sell Recommendations for Key Stocks

Finally, Bank of India is recommended for sale in the range of Rs 143 to Rs 142, with a stop loss at Rs 148.50 and a target of Rs 135. The stock has experienced multiple rejections near the 50% retracement level of its overall decline from a swing high of Rs 170. A large triangle pattern has formed on the daily chart, indicating a potential breakdown. The RSI is below its midpoint, reflecting persistent bearish sentiment, with resistance at Rs 145 and support at Rs 140.

Market Insights and Technical Analysis

These recommendations reflect a combination of technical analysis and market sentiment, providing investors with actionable insights for their trading strategies. As always, investors are encouraged to conduct their own research and consider their risk tolerance before making investment decisions.

(Disclaimer: The recommendations and views expressed by analysts are their own and do not represent the views of The Times of India.)