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New Delhi. The year 2025 was full of ups and downs for the Indian stock market. This year there was pressure in midcap and smallcap stocks. Global uncertainty, concerns over interest rates and selling by foreign investors weakened the broader market. There are only a few days left for the new year to begin. Now everyone wants to know how the stock market will behave in the year 2026 and which stocks will make money.
Domestic brokerage firm Bajaj Broking has released its selected top stock picks for 2026. The brokerage believes that on the basis of strong technical indicators, better chart patterns and positive momentum, these stocks have the potential to give double digit returns to investors in the coming times. This list of Bajaj Broking includes Eternal, Eternal, Lloyds Metals and Energy and Kotak Mahindra Bank shares.
How is the future of Eternal Shares?
Eternal has been in the correction phase for the last two to three months. However, now the stock seems to be consolidating near an important demand zone. Bajaj Broking says that from a technical point of view this situation is considered attractive for investors, because here the risk is limited and the potential reward seems high. Currently, Eternal’s stock is forming a base around the strong demand zone of ₹280-270. At this level, many technical indicators seem to be giving support simultaneously, which increases the possibility that the stock may show bullish reversal from here.
Gradual exit from oversold condition is also a sign that the pressure is reducing. Bajaj Broking believes that Eternal may move towards the level of ₹323 in the coming months. This level is not only the 50 percent Fibonacci retracement of the decline from ₹368 to ₹280, but also falls near the November 2025 high. For this reason it is being considered an important resistance zone.
Lloyds Metals and Energy Share
Bajaj Broking says that Lloyds Metals and Energy has recently given an important technical signal. The stock has registered a decisive breakout above the falling channel structure that has been in place for the last six months. This breakout is an indication that the corrective trend may now end and a new bullish phase is likely to begin.
In terms of long-term trend, the 52-month EMA has been acting as a strong support for this stock for the last five years. This moving average is currently situated around ₹1,209, which provides a strong safety net in case of a decline. The brokerage expects that Lloyds Metals and Energy may gradually move towards the level of ₹1,523. This target is 80 percent Fibonacci retracement of the decline from ₹1,612 to ₹1,170. Apart from this, momentum indicators are also confirming this bullishness. On the weekly chart, the 14-period RSI crossing above its 9-period average is considered a clear buy signal.
Also advice to buy Kotak Mahindra shares
Bajaj Broking says that Kotak Mahindra Bank shares have moved firmly above the almost five-year-old consolidation range of ₹1,600–2,000. This breakout reflects an improvement in the long-term price structure and a change in trend. This type of breakout after a prolonged sideways trend is usually considered the beginning of a strong uptrend. The ₹2,000 level, which was earlier a major resistance, has now turned into a strong support zone. Additionally, the 52-month EMA has also been providing consistent support over the last five years.
Currently, Kotak Mahindra shares are in the range of ₹1,860–1,900 and match with the long-term trendline. Due to this, the downside risk seems to be limited. According to Bajaj Broking, if we look at the measured move of 5-year range breakout, Kotak Mahindra Bank share can reach around ₹ 2,400 in the next one year. Overall, the outlook of this stock remains positive from a medium to long term perspective.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 will not be responsible for any profit or loss of yours.)
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