Key Takeaways

• MACD remains above the zero line, confirming positive momentum and supporting trend continuation.
• The 9 & 26 DEMA bullish crossover indicates a shift in short-term momentum in favour of bulls.
• Rising volumes near lower levels indicate strong accumulation interest, reinforcing the positive price structure.

Key Development 1

NewsBusiness NewsIndia Business NewsTop stocks to buy today: Stock recommendations for January 21, 2026 – check listTrendingTop stocks to buyStock market todayTrump tariffsSilver price todayStandard deductionBudget 2026Gold price predictionTop stocks to buyStock market todayTrump tariffsSilver price todayStandard deductionBudget 2026Gold price predictionTop stocks to buyStock market todayTrump tariffsSilver price todayStandard deductionBudget 2026Gold price predictionTop stocks to buy today: Stock recommendations for January 21, 2026 – check listTOI Business Desk / TIMESOFINDIA.COM / Jan 21, 2026, 07:30 ISTCommentsShareAA+Text SizeSmallMediumLarge Top stocks to buy (AI image) Stock market recommendations: as per Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today (January 21, 2026) are Bajaj Auto, Balkrishna Industries, and Tata Elxsi.

Let’s take a look:BAJAJ AUTO – Pullback After Major Trendline BreakoutBuy: ₹9,450–9,400 | Stop Loss: ₹9,000 | Target: ₹10,200Bajaj Auto has now entered a healthy pullback phase after breaking out above its long-term falling trendline.

MACD remains above the zero line, confirming positive momentum and supporting trend continuation.

Such pullbacks are constructive in nature, allowing price consolidation without damaging the broader bullish structure.From an indicator perspective, DMI shows strong bullish dominance, while ADX holding above 20 signals improving trend strength.

Key Development 2

The breakout above the falling trendline marks a shift from a bearish to a bullish medium-term trend.On the momentum front, MACD remains above zero, DMI stays bullish, and ADX above 25 suggests that the emerging trend is gaining strength and reliability.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own.

Additionally, the stock has now confirmed a breakout above its falling trendline, signalling a medium-term trend reversal.Momentum indicators further support the move, with DMI turning bullish and MACD sustaining above the zero line, reflecting strengthening buying pressure.TATA ELXSI – Breakout Retest with Strong AccumulationBuy: ₹5,600–5,500 | Stop Loss: ₹5,200 | Target: ₹6,250Tata Elxsi has now successfully retested its breakout zone, confirming the sustainability of the recent breakout.

These opinions do not represent the views of The Times of India)About the AuthorTOI Business DeskThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India.

The 9 & 26 DEMA bullish crossover indicates a shift in short-term momentum in favour of bulls.

Key Development 3

Rising volumes near lower levels indicate strong accumulation interest, reinforcing the positive price structure.

The pullback is therefore viewed as an opportunity rather than weakness.BALKRISIND – Trend Reversal with Momentum ConfirmationBuy: ₹2,410–2,400 | Stop Loss: ₹2,300 | Target: ₹2,600Balkrishna Industries has now shown a clear improvement in its technical structure.

The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies.

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