Top stocks to sell today: Stock market recommendations for September 29, 2026 – check list
Stock market recommendations: Power Grid Corporation of India, Bosch Ltd, Indian Oil Corporation, and Bank of India are the top stocks to sell today on September 29, 2026, according to Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan. Below are the target prices and stop loss levels:Power Grid Corporation of India: Sell in the range of Rs 263-262; Stop Loss at Rs 271; Target: Rs 250On the weekly chart, the stock has been consolidating in a broad range for the past eight weeks. On the daily chart, a breakdown below this range could lead to further selling pressure. The stock is also facing repeated resistance near the 20 DEMA and 40 DEMA .The overall price structure remains weak, indicating continued bearish momentum.Momentum indicators are showing a negative crossover, which supports the bearish outlook. The key resistance level is placed at 270, while immediate support is at 259.Bosch Ltd: Sell in the range of Rs 47021-47020; Stop Loss at Rs 48450; Target: Rs 45200On the daily chart, the stock has broken down from a triangle pattern and is trading below the 20-day Exponential Moving Average (DEMA). The stock has been forming a lower top and lower bottom pattern over the last four weeks, indicating a weak trend. The stock is witnessing a gradual decline at current levels.Momentum indicators are showing a negative crossover, suggesting continued weakness. Key resistance is placed at 48,050, while support is at 46,300.Indian Oil Corporation: Sell in the range of Rs 134-133.30; Stop Loss at Rs 137.10; Target: Rs 128On the weekly chart, the stock is showing a triangle pattern breakdown with multiple rejections from the 20 and 40 Weekly Exponential Moving Averages (WEMA). The stock is also trading below its major moving averages, reflecting a weak overall trend.On the daily chart, it is forming a lower top and lower bottom structure below the 200 DEMA, indicating weakness in price action. Momentum indicators are showing a negative crossover, which signals weakness. Key resistance is placed at 135.40, while support is at 132.Bank of India: Sell at CMP: Stop Loss at Rs 137 on a closing basis; Target: Rs 122-118.50 The stock has taken support several times in the 134 to 134.50 zone. On Monday it closed clearly below this zone, which is a major breakdown from a descending triangle pattern. The stock can now drift lower to the 122 to 118.50 zone.On the upside, the old support area of 134 to 134.50 should now act as a major resistance. Any meaningful pullback can be seen as a chance to sell, as long as the stock closes below 137.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)
